Bingaman & Udall: N.M. Receives $380 Million in Royalty Payments

WASHINGTON - U.S. Senators Jeff Bingaman and Tom Udall today announced that New Mexico has received $380.6 million in revenue payments from energy produced on federal and tribal lands.

"New Mexico plays an extremely important role in meeting our nation's energy needs," said Bingaman, who chairs the Senate Energy and Natural Resources Committee. "The revenue New Mexico receives from being a key energy producer allows us to make essential investments in our state."

"The people of New Mexico should take pride that our state produces more energy than we consume," said Udall. "It's because of the royalties earned through the sound management of our natural resources that we have been able to reinvest this funding into key programs and prevent the recession from worsening in our state."

The revenue payments were generated from the production of oil, gas, and potash, among others. The disbursements come from the U.S. Department of Interior.