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NM lawmakers block proposal to increase royalty rates on oil and gas on state land

NM lawmakers block proposal to increase royalty rates on oil and gas on state land

Las Cruces Sun (Royalties) - State lawmakers on Friday rejected a proposal to allow an increase in the royalty rates levied on oil and gas production on some of New Mexico's state trust lands. The bill, backed by newly elected State Land Commissioner Stephanie Garcia...

Fed delivers a cool $460 million to NM for lease sales

Fed delivers a cool $460 million to NM for lease sales

CARLSBAD CURRENT ARGUS (ROYALTIES) - Representatives from the BLM’s Washington D.C. headquarters presented a check of over $460 million on Tuesday at the BLM’s Carlsbad Field Office. The Bureau of Land Management’s September lease sale in Southeast New Mexico of...

Royalties from oil & gas production surge based on 2017 reports

Royalties from oil & gas production surge based on 2017 reports

NATURAL GAS INTELLIGENCE (ROYALTIES) – Increased oil and natural gas production, as well as regulatory reform and other factors, led to a $400 million surge in economic output on federal lands during the first year of the Trump administration, according to a report by the Interior Department.

Anti-Oil & Gas candidates for State Land Office Commissioner pledge to raise royalty rates

Anti-Oil & Gas candidates for State Land Office Commissioner pledge to raise royalty rates

SANTA FE NEW MEXICAN (ROYALTIES) - Democratic candidate running for the New Mexico State Land Office plan to increase royalty rates on Oil & Gas operators in New Mexico. State Rep. Stephanie Garcia Richard says that pushing for a higher rate would be her No. 1...