2025 SB 23 Oil & Gas Royalty Rate Changes
- CVNM Position:
- Support
- Priority:
- CVNM Priority Vote
- Year:
- 2025
- Sponsors:
-
George K. Munoz
- Topics:
- Effective Government
Energy & Climate Change - Legislative Info:
- SB 23 on nmlegis.gov »
Description
SB 23: Oil & Gas Royalty Rate Changes - updates the royalty rate with a range of 20% to 25% for productive state trust land leases in southeastern New Mexico, potentially generating $50 to $84 million annually. SB 23 passed and has been signed by the Governor.
Outcome
SB 23 passed the Senate 21-15, and passed the House 37-31. It was signed into law by the Governor.
How Legislators Voted on SB 23
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain
