State Land Office cites record lease revenue and asks for targeted staff to support energy, royalties and housing deals The State Land Office reported a surge in non‑royalty receipts driven by high bids in oil‑and‑gas lease sales and proposed several targeted new positions — forester, economic development manager, petroleum specialists and a royalty compliance auditor — to capture additional revenue, speed compliance and support renewable energy projects.

The State Land Office is asking for targeted staffing to harness a record $2.5 billion in lease revenues and accelerate critical projects in New Mexico.

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Russia's liquid reserves in its National Wealth Fund dropped $5.75B in May—down 68% since the Ukraine invasion. Oil & gas revenues also plunged 35% YoY in May to $6.5B, the lowest since June 2023. #Russia #OilPrices #EnergyRevenue #NWF

Russia's liquid reserves in its National Wealth Fund dropped $5.75B in May—down 68% since the Ukraine invasion. Oil & gas revenues also plunged 35% YoY in May to $6.5B, the lowest since June 2023. #Russia #OilPrices #EnergyRevenue #NWF

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