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Santa Fe NM 87501

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New Mexico State Land Office Already Surpasses $1 Billion in Revenue for Fiscal Year

For Immediate Release

Date:

5/4/2022

Contact:

Joey Keefe, Assistant Commissioner of Communications

jkeefe@slo.state.nm.us      

New Mexico State Land Office Already Surpasses $1 Billion in Revenue for Fiscal Year
Office brings in monthly record of $204 million in April

SANTA FE, N.M. – New Mexico Commissioner of Public Lands Stephanie Garcia Richard today announced that the State Land Office has already surpassed $1 billion in revenue for state trust land beneficiaries in Fiscal Year 2022, which ends June 30th.   Included in the $1.15 billion earned to date is a record $204 million in revenue from leasing activities for the month of April 2022.  State Land Office earnings support public schools, hospitals, and universities throughout the state, and reduce the financial burden on taxpayers.

Oil and gas royalty earnings are reported with a three-month lag, so the $1.15 billion only reflects   oil and gas activities through January 2022 (seven months of the fiscal year). Prior to Commissioner Garcia Richard taking office in 2019, the State Land Office had never surpassed $1 billion in revenue during any fiscal year. With five months of oil and gas royalty revenue still not reported there is a possibility the office could surpass $2 billion for the first time in its history.

“Thanks to the hard work of everyone on our staff, we continue to rake in record amounts of money that directly benefits New Mexico’s schools, hospitals and other foundational institutions,” said Commissioner Garcia Richard. “We have made a concerted effort to diversify revenue streams at the State Land Office and continue to see promising results from oil and gas, renewable energy, agriculture, outdoor recreation, business leasing, and so much more. In a little over three years, we have nearly tripled renewable energy on state trust lands, provided affordable housing for senior citizens in Albuquerque, attracted major businesses like Netflix, expanded access for outdoor recreation – all while cleaning up and restoring more land than ever before. What makes this success even more exciting is knowing that we are saving the average New Mexico taxpayer $1,600 a year. We will continue pushing forward to achieve the best results for New Mexico’s kids while maintaining state trust lands for the use and benefit of generations to come.”

Royalties from activities like oil, gas, and minerals are transferred to the Land Grant Permanent Fund and invested by the State Investment Council prior to distribution to beneficiary institutions. Rental revenues from activities such as economic development projects, renewable energy, and agriculture are distributed directly to beneficiaries on a monthly basis.

 

 

Commissioner of Public Lands Stephanie Garcia Richard has overseen the New Mexico State Land Office since 2019. In that time the agency has raised over $4 billion for New Mexico public schools, hospitals, and universities. Over 13 million acres of state trust land are leased for a variety of uses, including ranching and farming, renewable energy, business development, mineral development, and outdoor recreation. The State Land Office has a dual mandate to use state trust land to financially support vital public institutions, while simultaneously working to protect the land for future generations. 

 

 

New Mexico State Land Office Bans Campfires on All State Trust Lands

FOR IMMEDIATE RELEASE

Date: 4/22/2022

Contact: Joey Keefe, Assistant Commissioner of Communications, jkeefe@slo.state.nm.us      

New Mexico State Land Office Bans Campfires on All State Trust Lands
Open burning, fireworks also prohibited on state trust lands

SANTA FE, N.M. – Due to the rapid spread of wildfires across New Mexico, the State Land Office has announced a ban on campfires, open burning and fireworks on all state trust lands, effective immediately. Much of New Mexico is experiencing high fire danger due to high temperatures, strong winds, low humidity and forest fuels.

Campfires, open burning and fireworks are prohibited on all state trust lands. There is an exception if you are using cooking or heating devices fueled by kerosene, white gas or propane in an improved camping area that is cleared of flammable vegetation for at least 30 feet in all directions or in an area that has a water source.

The ban is intended to keep New Mexicans safe and help prevent the spread of forest fires. Also, as a precaution, driving across vegetation – especially tall grass – should be avoided if possible as heat from the vehicle’s undercarriage could start a fire.

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Commissioner of Public Lands Stephanie Garcia Richard has overseen the New Mexico State Land Office since 2019. In that time the agency has raised $3.8 billion for New Mexico public schools, hospitals, and universities. Over 13 million acres of state trust land are leased for a variety of uses, including ranching and farming, renewable energy, business development, mineral development, and outdoor recreation. The State Land Office has a dual mandate to use state trust land to financially support vital public institutions, while simultaneously working to protect the land for future generations. 

State Land Office Hires New Assistant Commissioner of Communications, Director of Constituent Services

FOR IMMEDIATE RELEASE

DATE: April 13, 2022

Contact:

Joey Keefe, Assistant Commissioner of Communications

jkeefe@slo.state.nm.us

State Land Office Hires New Assistant Commissioner of Communications, Director of Constituent Services

SANTA FE, N.M. – Commissioner of Public Lands Stephanie Garcia Richard announced today that she has hired Joey Keefe as Assistant Commissioner of Communications and Francesca Di Palma as Director of Constituent Services.

“I am thrilled to welcome Joey and Francesca to the land office! Joey’s background in land and conservation issues is a perfect fit for the good work we’re doing here at the land office to steward our natural resources. Francesca has dealt with all manner of constituent issues including economic development and affordable housing, two primary initiatives for my administration! Their background and credentials will serve the state well,” said Commissioner Garcia Richard. 

Keefe comes to the State Land Office after managing communications at New Mexico Wild, a statewide nonprofit focused on public land policy at the state and federal levels. Previously, he served as Communications Director for New Mexico Secretary of State Maggie Toulouse Oliver. He has also held communications positions for private companies, local government agencies and various political campaigns. Keefe was born and raised in Albuquerque, New Mexico.

“I’m very excited for the opportunity to work for an executive officeholder who has demonstrated outstanding leadership and helped the State Land Office achieve record revenues for New Mexico’s kids and families,” said Keefe. “There is still a lot of work to do, and I’m ready to hit the ground running.”

Di Palma most recently worked for Congresswoman Teresa Leger Fernandez as a Field Representative and Constituent Services Representative. Before that, she performed similar roles in the office of retired U.S. Senator Tom Udall. She also has substantial experience in political field organizing and community outreach. Di Palma was born and raised in Santa Fe, New Mexico.

“Commissioner Garcia Richard has surpassed even the highest expectations and it’s an honor to work alongside her to provide constituents and state trust land beneficiaries with the best service possible,” said Di Palma. “In my short time here, I’ve been impressed with how efficient and effective State Land Office team members are on a daily basis. We are committed to continuing the great work.”

Commissioner of Public Lands Stephanie Garcia Richard has overseen the New Mexico State Land Office since 2019. In that time the agency has raised more than $3.8 billion for New Mexico public schools, hospitals, and universities. Over 13 million acres of state trust land are leased for a variety of uses, including ranching and farming, renewable energy, business development, mineral development, and outdoor recreation. The State Land Office has a dual mandate to use state trust land to financially support vital public institutions, while simultaneously working to protect the land for future generations.

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