Tag: Permian Basin

$4 Billion Windfall From Oil and Gas Lease Sale — But They’re Refusing to Spend It. Here’s Why That’s Actually Smart.

New Mexico is choosing to stash its portion of a landmark $4 billion oil lease windfall in dedicated trust funds instead of spending it immediately — a prudent move that could help stabilize the state’s finances for the long term. The decision represents a departure from the state's volatile energy past.

Trump’s $4B Permian Oil Bonanza—Energy Triumph or Public Lands Risk?

In one of the largest single-day oil and gas lease sales in recent history, the Trump administration generated over $4 billion from federal lands in the Permian Basin, highlighting strong industry demand and the impact of lowered royalty rates.