2019 News Releases
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Commissioner Garcia Richard Celebrates Successes of First 100 Days in Office
SANTA FE, NM – Land Commissioner Stephanie Garcia Richard and the leadership team at the State Land Office today celebrate 100 days of progress for New Mexicans and for the state trust lands that help fund our public schools, hospitals and colleges. “As the first...
Commissioner Garcia Richard, Senator Ivey-Soto Join Governor Lujan Grisham for Signing of Senate Bill 458
SANTA FE, NM – Today, Commissioner Garcia Richard and Senator Ivey-Soto (D-15) joined Governor Michelle Lujan Grisham as she signed Senate Bill 458 into law. The new state law will require public notice and input prior to the land office taking final action on any...
State Land Office: March Lease Sales Generate Nearly $5 Million
SANTA FE, NM – The State Land Office held their monthly online oil and gas lease sales, raising $4.9 million for New Mexico schools, hospitals, and colleges. 24 tracts of land were offered, 22 of which were closed for bid. Closed bids included 4,285 acres in Chaves,...
March 2019 O&G Lease Sale Full Results
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Grazing Fee Decreases for 2019 Agricultural Leases
SANTA FE, NM – The State Land Office (SLO), in accordance with NMAC 19.2.8.11, has updated the fee assessed to ranchers and farmers who lease state trust land for livestock grazing. The amount is determined annually using a formula that accounts for various factors...
SB 458 Unanimously Passes Senate Conservation
SANTA FE, NM – Senate Bill 458, to increase transparency in land office deals, unanimously passed the Senate Conservation Committee Tuesday morning. After passage, bill sponsor Senator Daniel Ivey-Soto (D-15) said, “I want to thank my fellow members, the state land...
SB 458, Requiring Transparency in Land Deals, to be Heard Tuesday in Senate Conservation
SANTA FE, NM – SB 458, introduced by Senator Daniel Ivey-Soto (D-15), will have its first hearing Tuesday, February 26th in the Senate Conservation Committee at 8:30 a.m. The bill requires public notice and input prior to the land office taking final action on...
SLO: February Lease Sales Generate Over $35 Million Including Largest Ever Bid Amount for Open Lease
SANTA FE, NM – The State Land Office held their monthly online oil and gas lease sales, which garnered the largest open bid sale in history and generated over $35 million for New Mexico schools, hospitals and colleges. The open bid included 8,920.27 acres in Chaves,...
‘Raise the Rate’ Bill Hearing Scheduled in House Commerce and Economic Development Committee
SANTA FE, NM – House Bill 398, the “Raise the Rate” Bill, has been scheduled for consideration by the House Commerce and Economic Development Committee on Friday, February 15th at 1:30 pm. Sponsored by Representative Derrick Lente (D-65), the bill seeks to raise the...
Analysis Shows ‘Raise the Rate’ Bill Would Generate $1-2 Billion for Public Education, Universities and Hospitals
SANTA FE, NM – House Bill 398, the “Raise the Rate” Bill, has been scheduled for consideration by the House Commerce and Economic Development Committee on Friday, February 15th at 1:30 pm. Sponsored by Representative Derrick Lente (D-65), the bill seeks to raise the...