State Land Office Fiscal Year 2020 Revenue On Track To Break $1 Billion

Back-to-back billion dollar years break historic revenue records

SANTA FE, NM – The New Mexico State Land Office will again rake in over $1 billion in revenue for the recent fiscal year. Given the nature of oil and gas royalty payment collection, final total royalty revenue will not be posted until October. With conservative projections for the last two months of the fiscal year, 2020 revenue is projected to be approximately $1,065,000,000.