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Oil, gas lease sale raises $4.7M

May 21, 2013 • Local News

The New Mexico State Land Office’s monthly Oil and Gas Lease Sale, held Tuesday at the Daniels Leadership Center on the New Mexico Military Institute campus, raised $4.7 million for the state’s public schools, universities, and hospitals.

State Land Commissioner Ray Powell and state Assistant Commissioner of Mineral Resources Greg Bloom visited Roswell for the sale, which offered more than 30 tracts of land. Funds from the sale will go to the state’s land trust beneficiaries, Powell said, which include education and health care institutions.

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