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...
USGS Announces Biggest Oil Discovery Ever! It’s in NM!

USGS Announces Biggest Oil Discovery Ever! It’s in NM!

USGS – Using a geology-based assessment methodology, the U.S. Geological Survey has announced the biggest oil reserve discovery ever in the Delaware formation of the Permian Basin. The USGS assessed undiscovered, technically recoverable continuous mean resources...
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...