Oil and gas auction nets millions

A quarterly oil and gas lease sale held Wednesday by the U.S. Bureau of Land Management netted $9,975,092 in revenues for 139 parcels in New Mexico, Oklahoma, Texas and Kansas.

Most of the leases (128) were in New Mexico, generating more than $6.8 million.

The highest bid per acre for a parcel in the sale was $5,200 an acre for 446.2 acres in San Augustine County, Texas, by Eaglestone Energy Partners.

http://www.santafenewmexican.com/newsbriefs/