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Home Tag Archives: State Land Office

Tag Archives: State Land Office

Business

Oil lease moratorium holding students hostage?

By Michael
March 18, 2024
in :  Business, Local News

Oil lease moratorium holding students hostage? Levi Hill/News-Sun State Land Commissioner Stephanie Garcia Richard is holding New Mexico’s schoolchildren hostage for more money. That’s what some of the state’s Republican legislators say about her recently announced moratorium on oil and gas lease sales on state trust lands, which came after two bills failed to find their way to the governor’s …

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Business

Oil lease moratorium holding students hostage?

By Michael
March 18, 2024
in :  Business, Local News

Oil lease moratorium holding students hostage? Levi Hill/News-Sun State Land Commissioner Stephanie Garcia Richard is holding New Mexico’s schoolchildren hostage for more money. That’s what some of the state’s Republican legislators say about her recently announced moratorium on oil and gas lease sales on state trust lands, which came after two bills failed to find their way to the governor’s …

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Business

New Mexico imposes oil and gas moratorium on state land near schools

By Michael
June 7, 2023
in :  Business, State/Regional News

New Mexico imposes oil and gas moratorium on state land near schools By SUSAN MONTOYA BRYAN and CHRISTOPHER L. KELLER Associated Press COUNSELOR, N.M. (AP) — Members of the Navajo community have complained to Samuel Sage for years about the noise and vibrations that rattle their homes. They tell him about the dust kicked up by heavy trucks traveling the …

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Business

New Mexico imposes oil and gas moratorium on state land near schools

By Michael
June 7, 2023
in :  Business, State/Regional News

New Mexico imposes oil and gas moratorium on state land near schools By SUSAN MONTOYA BRYAN and CHRISTOPHER L. KELLER Associated Press COUNSELOR, N.M. (AP) — Members of the Navajo community have complained to Samuel Sage for years about the noise and vibrations that rattle their homes. They tell him about the dust kicked up by heavy trucks traveling the …

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Business

New Mexico sues oil company for cleanup of abandoned wells

By Michael
April 23, 2021
in :  Business

SANTA FE, N.M. (AP) — The State Land Office on Thursday announced a lawsuit against two oil and natural gas companies, citing unmet obligations to plug at least 29 abandoned wells in western New Mexico, remove trash and debris and pay penalties for trespassing on an expired lease site. The lawsuit against BC&D Operating and Dominion Production Company is the …

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State/Regional News

New Mexico land boss ends fresh water sales for oil and gas

By Michael
December 16, 2020
in :  State/Regional News

SANTA FE (AP) — The New Mexico State Land Office announced Tuesday that it will be halting the practice of allowing fresh water to be pumped from state trust land and sold for use in oil and gas development. Land Commissioner Stephanie Garcia Richard detailed the shift in policy in a letter to companies that hold easements that grant access …

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Business

New Mexico brings in over $108M in oil, gas royalty payments

By Michael
March 6, 2020
in :  Business

SANTA FE, N.M. (AP) — Oil and natural gas royalty payments for development on state trust lands netted nearly $109 million for New Mexico in one month. Land Commissioner Stephanie Garcia Richard announced the record revenues Friday, saying the State Land Office is on track to raise another $1 billion this year for public schools, hospitals and other beneficiaries. Much …

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Local News

State Land Commissioner seeks higher cap on oil royalties

By Michael
January 9, 2019
in :  Local News

SANTA FE, N.M. (AP) — New Mexico Land Commissioner Stephanie Garcia Richard says she is working on a bill with state lawmakers to allow higher royalty rates for oil and natural gas production on state trust land. Garcia Richards said Tuesday that she wants New Mexico to raise its royalty cap to 25 percent on future leases to match Texas. …

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Local News

State Land Commissioner seeks higher cap on oil royalties

By Michael
January 9, 2019
in :  Local News

SANTA FE, N.M. (AP) — New Mexico Land Commissioner Stephanie Garcia Richard says she is working on a bill with state lawmakers to allow higher royalty rates for oil and natural gas production on state trust land. Garcia Richards said Tuesday that she wants New Mexico to raise its royalty cap to 25 percent on future leases to match Texas. …

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State/Regional News

State Land Commissioner Dunn says no to offer from US border agency

By Michael
August 16, 2018
in :  State/Regional News

State Land Commissioner Dunn says no to offer from US border agency By SUSAN MONTOYA BRYAN, Associated Press ALBUQUERQUE, N.M. (AP) — New Mexico’s top land boss has rejected a proposal from the federal government to settle a dispute over land along the U.S.-Mexico border as work continues to bolster security throughout the region to stem illegal immigration and drug trafficking. …

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NMJC board sets up $50 million ‘savings account’

Hobbs News-Sun
May 20, 2025

NMJC board sets up $50 million ‘savings account’ Dorothy N. Fowler/For the News-Sun The …

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    NMJC board sets up $50 million ‘savings account’

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