About – Business Leasing
Do you need some help?
The quickest way to reach us is to contact us through the contact form on the website.
Address:
310 Old Santa Fe Trail,
Santa Fe NM 87501
Phone:
505-827-5760
Business Leasing
The Business Leasing Department manages the land to provide the best financial return for trust beneficiaries, primarily through leasing, but also with strategic planning and land exchanges. The Business Leasing Department manages over 1,000 instruments including business leases, gas storage units, billboards, and various land use restrictions. There are two types of business leases: non-bid leases and bid leases. Leases with a term of less than five years do not require the bidding process and can be renewed at the Commissioner’s discretion. All business leases are governed by Rule 9, except for planning and development leases, which are governed by Rule 22. In evaluating proposed business lease applications, the CRD emphasizes local community needs, recreational opportunities, quality site design and planning, job creation, and resource impacts. The revenue earned from business leasing is deposited into the maintenance fund for immediate distribution to the trust beneficiaries.
Expiring Business Leases
To view a list of business leases expiring between February 1, 2024 and April 30, 2024, please click here.
Join the mailing list
Sign up for updates
Lease Sale Process
The State Land Office offers tracts for oil and gas leasing the third Tuesday of every month. Tracts are leased through a competitive sealed or oral bid process. To bid, you must have an OGRID number; if you do not have one; contact Veronica Gonzales at (505) 476-4538. Sealed bids must be submitted with payment prior to the lease sale; oral bidding is conducted at the lease sale. Full directions and the bid application form can be found in the monthly lease sale notice.
Anyone can nominate available tracts for offer at the lease sale. To nominate, send an email to Allison Marks, Director, at amarks@nmslo.gov. To find out which tracts are available, use the Oil and Gas Interactive Map.
SPECIAL NOTICE REGARDING CCAA
2024 Lease Sale Notices
2023 Lease Sale Notices
2023 Lease Sale Notices
2023 Lease Sale Notices
2023 Lease Sale Notices
2022 Lease Sale Notices
2020 Lease Sale Notices
2021 Lease Sale Notices
2019 Lease Sale Notices
2018 Lease Sale Notices
2017 Lease Sale Notices
2016 Lease Sale Notices
2015 Lease Sale Notices
2014 Lease Sale Notices
2013 Lease Sale Notices
2012 Lease Sale Notices
2011 Lease Sale Notices
Lease Sale Results
2023 Lease Sale Results
November 2023 Full Results (Updated 12/1/2023)