New Mexico to lose millions as federal oil and gas lease halt continues

Without sales of New Mexico federal land to the oil and gas industry, the state could lose out on millions of dollars in revenue every year.

The Bureau of Land Management, a sub-agency of the U.S. Department of the Interior, announced it would not hold any oil and gas land lease sales during the second quarter of 2021 as the DOI was amidst a review and potential overall of the federal government’s oil and gas program.

Finalization of a January lease sale in New Mexico was postponed, while the April sale was cancelled and the planned July sale was listed as paused, per the BLM’s online register.

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