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N.M. State Land Office Earns Over a Quarter of a Billion Dollars in Single Oil and Gas Lease Sale with 25% Royalty Rate Championed by Commissioner Garcia Richard

SANTA FE, N.M. – For the second month in a row, the State Land Office has smashed the record for revenue earned from an oil and gas lease sale, bringing in $256 million in bonus payments at a public auction, New Mexico Commissioner of Public Lands Stephanie Garcia...