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Hobbs oilman and community leader, Mark Veteto was appointed to the State Land Office’s State Lands Trust Advisory Board representing Extractive Industry.
“Mark’s business acumen and his commitment to public service make him an ideal candidate to serve on the State Lands Trust Advisory Board,” said Commissioner Dunn. “He will offer a unique perspective as we implement policies to increase earnings for New Mexico school children and our other Trust beneficiaries.”
Mr. Veteto is a native New Mexican born in Roswell. He is a graduate of Hobbs High School and he earned a bachelor’s degree from the University of New Mexico. Mark began his career with Martindale Petroleum Corporation. He is currently the president and majority shareholder of Me-Tex Oil and Gas and has majority interest in seven other businesses. He is a member of several professional associations, including the New Mexico Oil and Gas Association, Independent Petroleum Association of New Mexico, Society of Petroleum Engineers, Permian Basin Petroleum Association, and the UNM Alumni Association.
A passionate community advocate, Mr. Veteto has served on the Board of Directors of the Economic Development Corporation of Lea County, Lea County Planning and Zoning, Wells Fargo Bank Community Board, Hobbs Chamber of Commerce, and the Palmer Drug Abuse Program. He has been a member of the City of Hobbs Mayor Charter Commission, City of Hobbs Oil and Gas Ordinance Committee, Lea County Airport Committee, New Mexico Junior College Advisory Committee, and the First United Methodist Church Finance Committee. A true believer in giving back, Mark and his father, Burton, created the Veteto Foundation a decade ago to further public education in the city of Hobbs by recognizing outstanding K-12 educators and encouraging them to stay in the teaching profession. Every year the foundation awards five of Hobbs’ best and brightest educators $5,000 each.
Despite all of his professional accolades, Mark’s pride and joy are his wife, Patricia L. Cook Veteto, and their twin daughters Janey Lynn Veteto Roan and Dr. Kali Rae Veteto D’Onofrio.
“I am humbled Commissioner Dunn asked me to serve and honored to have been confirmed by the Senate,” said Mr. Veteto. “Appointment to the advisory board will afford me and other board members the opportunity to educate our respective communities about what State Trust Lands are, the monies they generate, who the beneficiaries are, and most importantly the impact on New Mexico’s future – our children.”