BLM Revives Terminated 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 before. The Bureau of Land Management says yes, starting September 1, 2023, but with new rules: higher rent ($20 per acre) and a bigger royalty cut (22.75%). This means FAE II LLC can keep drilling, but they’ll pay more to do it.
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