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Oil, gas boom boosts earnings in NM

January 8, 2014 • State News

ALBUQUERQUE, N.M. (AP) — An oil and gas boom in New Mexico and more than a dozen new renewable energy projects have translated into record earnings of more than $670 million for the State Land Office, boosting the funding available for public schools, universities and other trust beneficiaries.

In announcing the figures Wednesday, Land Commissioner Ray Powell said 2013 marked the biggest year in the agency’s history. In December alone, earnings reached a record $79 million.

In the last three years, Powell said, the Land Office has generated about $1.7 billion through oil and gas Login to read more

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