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Bill To Increase Top Oil And Gas Royalty Rate On New Mexico State Lands Passes Senate

Summary by Los Alamos Daily Post

From the New Mexico State Land Office: Offering market rate for premium tracts would generate over $1 billion in additional value for public schools, universities and hospitals SANTA FE – For the first time, legislation pushed by New Mexico Commissioner of Public Lands Stephanie Garcia Richard to increase the top royalty rate offered for new oil and gas development on the best state lands from 20% to the market rate of 25% passed the full New M…

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Los Alamos Daily Post

Bill To Increase Top Oil And Gas Royalty Rate On New Mexico State Lands Passes Senate

13 hours ago

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Los Alamos Daily Post broke the news in 13 hours ago on Sunday, February 23, 2025.

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Bill To Increase Top Oil And Gas Royalty Rate On New Mexico State Lands Passes Senate

1 Articles

1 Articles

Bill To Increase Top Oil And Gas Royalty Rate On New Mexico State Lands Passes Senate

Bill To Increase Top Oil And Gas Royalty Rate On New Mexico State Lands Passes Senate

Coverage Details

Bias Distribution

Ownership

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