BLM Proposes Revival of New Mexico Oil and Gas Lease
Published Date: 4/29/2026
Notice
Summary
FAE II LLC asked to bring back their New Mexico oil and gas lease that was ended, and the Bureau of Land Management is ready to say yes! The lease will restart from September 1, 2023, with new rental fees of $20 per acre and a royalty rate of 22.75%. This means FAE II LLC can keep drilling, but with updated costs and rules.
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Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
BLM Reinstates Lease with New Costs
The Bureau of Land Management proposes to reinstate oil and gas lease NMNM105294482 to FAE II LLC, effective September 1, 2023, for the remainder of the lease's primary term. The lessee agreed to new financial terms: rental of $20 per acre per year and a royalty rate of 22.75 percent.
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