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Thursday, March 18, 2010

N.M. Oil and Gas Lease Sales Net Nearly $20 Million


Associated Press
      SANTA FE — The New Mexico Land Office says oil and gas lease sales during the third quarter have generated revenues of nearly $20 million, bringing earnings so far this year to $51 million.
    With three months remaining, the agency says it's only $6.4 million short of beating the all-time record for lease sale earnings during any fiscal year.
    Land Commissioner Patrick Lyons says there's interest in developing New Mexico's natural resources and that's good news for the state's economy.
    January's lease sale brought in $6 million for 38 tracts covering more than 11,600 acres. February's sale generated $5.7 million for 36 tracts covering more than 10,300 acres, and $8.2 million was paid in March for 50 tracts covering more than 12,600 acres.

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