The Bureau of Land Management (BLM) New Mexico State Office has generated over $58.26 million in revenues through oil and gas lease sales for the most recent quarter, the Department of the Interior (DOI) said in a July 24 statement.
The revenue came from the lease sale of 16 parcels totaling roughly 7,501 acres and represents the “third highest value for highest bid/acre for a parcel for BLM,” it said. The revenues from lease rentals and bonus bids will be distributed between New Mexico and the federal government.
This is the first lease sale done under the One Big Beautiful Bill (OBBB) Act that was signed into law by President Donald Trump on July 4….