RECENT OIL AND GAS LEASE SALE NETS HIGH AMOUNT

NEW MEXICO (KSMX) – New Mexico has netted more than $13 million from this month’s oil and gas lease sale. The State Land Office says most of the proceeds from the December sale will go to public schools and the rest to other state trust land beneficiaries. A total of 31 tracts were offered in this month’s sale. The parcels covered more than 8 square miles (21 square kilometers) in Lea and Eddy counties.