New Mexico halts some oil-field lease sales in standoff over royalty rates in Permian Basin

New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and gas development in the Permian Basin as it seeks approval for the state Legislature to increase top-tier royalty rates

​ABC News: US New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and gas development in the Permian Basin as it seeks approval for the state Legislature to increase top-tier royalty rates