Oil and gas leases blocked on Permian Basin state land most likely to produce fossil fuel
March 11, 2024
Officials blocked oil and gas operations on southeast New Mexico lands within the Permian Basin as the State Land Office tangled with lawmakers on raising the amount companies pay to drill for fossil fuels in those areas.
The New Mexico State Land Office on Thursday announced to industry leaders it was suspending leases of State Trust land in certain “premium” tracts in southern Eddy and Lea counties within the Delaware sub-basin on the western edge of the Permian along New Mexico’s border with West Texas.
