About – Royalty Management
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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
The Royalty Management Division processes oil and gas royalty revenue and executes related audit and compliance programs to maximize revenue for the beneficiaries.
The Royalty Management Division processes oil and gas royalty revenue and executes related audit and compliance programs to maximize revenue for the beneficiaries.
The Revenue Processing Bureau is responsible for the monthly collection processing and distribution of all revenue derived from the production and sales of oil, natural gas, and CO2. This area is also responsible for the validation of all assessments and credit notices.
The Compliance Bureau is responsible for the resolution of company suspense accounts and the collection of outstanding billings. The Compliance Bureau also addresses refund requests, bankruptcy, trespass issues, and administers an advanced payment program which requires royalty remitters maintain an average monthly royalty balance that is computed annually.
The Audit Bureau is responsible for conducting field and desk audits of State Lessee’s royalty reports and remittances. This team ensures royalty calculations are in compliance with the statutory lease, agency regulations, and policies, and court decisions and rulings.
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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)