State Land Office Releases December Oil and Gas Lease Sale Numbers

THE STATE LAND OFFICE IS OUT WITH THE NUMBERS FROM DECEMBER’S OIL AND GAS LEASE SALE. DARRELL MOODY HAS THE DETAILS…

THE DECEMBER OIL AND GAS LEASE SALE GENERATED 13-POINT 3-MILLION DOLLARS. COMMON SCHOOLS EARNED JUST UNDER 10-POINT 8-MILLION DOLLARS. PUBLIC BUILDINGS WILL RECEIVE 1-POINT 2-MILLION DOLLARS. THE HIGH BIDDER WAS SANTA FE-BASED FEDERAL ABSTRICT WHICH PURCHASED A TOTAL OF 440 ACRES AT 3-POINT 6-MILLION DOLLARS. 31 TRACTS OF LAND TOTALING MORE THAN FIVE THOUSAND ACRES IN LEA AND EDDIE COUNTIES WERE SOLD.