SANTA FE, N.M. – Legislation pushed by New Mexico Commissioner of Public Lands Stephanie Garcia Richard to increase the top royalty rate offered for new oil and gas development on the best state lands passed the House Energy, Environment & Natural Resources Committee today. Senate Bill 23, sponsored by Sen. George Muñoz and co-sponsored by Speaker of the House Javier Martinez, Sen. Liz Stefanics and Rep. Matthew McQueen, would increase the top oil and gas royalty rate on New Mexico state l...
