BLM Oil, Gas Lease Sale Nets More Than $28 Million - Newschannel 6 Now | Wichita Falls, TX

BLM Oil, Gas Lease Sale Nets More Than $28 Million

SANTA FE, N.M. (AP) - Parcels in New Mexico, Texas and Oklahoma netted more than $28 million in the Bureau of Land Management's quarterly oil and natural gas lease sale.
    
The agency says 35 federal parcels were sold. Nearly three dozen bidders registered for Wednesday's sale.
    
Bids for 14 parcels in New Mexico brought in more than $25 million. Bids for 15 parcels in Texas netted $2.7 million, and Oklahoma's six parcels brought in $150,000.
    
Developer Charles Ray of Midland, Texas, placed the highest bid per acre - $12,600 for an 800-acre parcel in southeastern New Mexico's Lea County.
    
The revenue from the lease sale and the royalties collected from the production of those leases is shared between the federal government and the states.
    
New Mexico will receive more than $12 million from the sale.

  • News HeadlinesNewsMore>>

  • Ex-Trump campaign aide agrees to guilty plea in Russia probe

    Ex-Trump campaign aide agrees to guilty plea in Russia probe

    Friday, February 23 2018 12:14 AM EST2018-02-23 05:14:34 GMT
    Friday, February 23 2018 2:58 PM EST2018-02-23 19:58:20 GMT
    (AP Photo/Alex Brandon, File). FILE - in this Feb. 14, 2018, file photo, Rick Gates departs Federal District Court in Washington. In a dramatic escalation of pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday...(AP Photo/Alex Brandon, File). FILE - in this Feb. 14, 2018, file photo, Rick Gates departs Federal District Court in Washington. In a dramatic escalation of pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday...

    Special counsel Robert Mueller has filed additional criminal charges against President Donald Trump's former campaign chairman and his business associate.

    Special counsel Robert Mueller has filed additional criminal charges against President Donald Trump's former campaign chairman and his business associate.

  • Weather impacts location of Quidditch tournament

    Weather impacts location of Quidditch tournament

    Friday, February 23 2018 2:51 PM EST2018-02-23 19:51:51 GMT
    The location of a much anticipated conference has changed in Wichita Falls due to the inclement weather. (Source: YouTube)The location of a much anticipated conference has changed in Wichita Falls due to the inclement weather. (Source: YouTube)
    (Source: YouTube)(Source: YouTube)

    The location of a much-anticipated conference has changed in Wichita Falls due to the inclement weather. 

    The location of a much-anticipated conference has changed in Wichita Falls due to the inclement weather. 

  • Quidditch championship brings money to local economy

    Quidditch championship brings money to local economy

    Wednesday, February 21 2018 9:36 AM EST2018-02-21 14:36:36 GMT
    The magical game of Quidditch is making way to Wichita Falls.  Source: KAUZThe magical game of Quidditch is making way to Wichita Falls.  Source: KAUZ
    (Source: YouTube)(Source: YouTube)

    The magical game of Quidditch is making way to Wichita Falls. 

    The magical game of Quidditch is making way to Wichita Falls. 

Powered by Frankly