Oil and natural gas produced on state trust lands continues to be an extremely important source of revenue for the trust beneficiaries. Seismic surveys have become an essential tool for industry in exploration of new fields and in the redevelopment of older fields. The volume of seismic activity on state trust lands is a valid indicator of industry health and optimism and the number of acres under seismic permits per year track very well with the bonuses and acreage value for oil and gas leasing.
For more information about Oil and Gas, contact Division Deputy Director Ed Martin at (505) 827-5746.
Ed Martin, Deputy Director
Ed Martin has a combined 32 years of experience in oil and gas production, both from an operational standpoint and as a New Mexico state employee.
He worked at Western Geophysical Company, in Houston, for 12 years and for the 20 years after that at the Oil Conservation Division of the New Mexico Energy, Minerals, and Natural Resources Department.
Martin received his Bachelor of Science degree in economics from the University of New Mexico in 1978.