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New Mexico House Advances Oil Royalty Bill and Firefighter Fund
The New Mexico House Energy committee cleared House Bill 48 to raise the cap on royalty rates for state land oil and gas tracts, amid a party line vote 7 to 4. Democrats supported, Republicans including Jim Townsend and Jared Hembree opposed. bill moves to Appropriations and Finance. Senate companion SB 24 also noted.
MENTIONED IN THIS ARTICLE
New Mexico
House Energy, Environment and Natural Resources Committee
House
Jim Townsend
Artesia
Jared Hembree
Roswell
H.B
House Appropriations and Finance Committee
Senate