Home News Local News March lease sale raises more than $4 million

March lease sale raises more than $4 million

0

Copyright © 2021 Roswell Daily Record

The New Mexico State Land Office held its monthly online oil and gas lease sale Tuesday, raising more than $4.9 million for New Mexico schools, hospitals and colleges.

Twenty-four tracts of land, more than 4,285 acres, in Chaves, Lea and Eddy counties were originally offered, but five tracts were withdrawn. The total of winning bids was $4,904,787.40, with an average per-acre price of $1,444.56.

The sale involved 33 registered bidders from six states. The lease sales benefit K12 public schools, public buildings, New Mexico State University and the Penitentiary of New Mexico.

Previous articleSchools, university close for Spring Break
Next articleSpring recreation classes begin soon