Record Oil Deal’s Benefits Go Beyond Big Business
A recent federal oil and gas lease sale in New Mexico set a record with over $4 billion in high bids. This significant revenue boost will provide New Mexico's government with $2 billion for education and healthcare programs. The Delaware Basin's productivity is expected to generate billions in future royalties, benefiting the state's economy and communities.
- ▪The Bureau of Land Management's lease sale on May 20 shattered previous records, exceeding $4 billion.
- ▪New Mexico will receive 50 percent of all bonus payments, resulting in a $2 billion infusion for the state government.
- ▪The Delaware Basin is recognized as America's most productive shale play, promising substantial future royalties.
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Big Tent Ideas Record Oil Deal’s Benefits Go Beyond Big Business OPINION (Photo by Brandon Bell/Getty Images) David Blackmon David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications. May 23, 2026 10:38 AM ET May 23, 2026 10:38 AM ET David Blackmon David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
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