BLM Oil & Gas Lease Sale Shatters Records

The September BLM oil and gas lease sale shattered all records in New Mexico. In fact, at more than a billion dollars, the sale last week generated more revenue that ALL of the BLM’s lease sales last year combined. The state of New Mexico will receive almost 400-million dollars of that revenue. The sale included 142 parcels, but some of the parcels that were near Carlsbad Caverns National Park were removed from the sale in late August after protests from ewnvironmentalists and other groups. The previous record sdale was in 2008, which brought in about 408 million dollars. This month’s sale more than doubled that total.