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The New Mexico Boom That Cost Billions: How Federal Oil and Gas Policies Fail Taxpayers

The New Mexico Boom That Cost Billions: How Federal Oil and Gas Policies Fail Taxpayers

Full Title: The New Mexico Boom That Cost Billions: How Federal Oil and Gas Policies Fail Taxpayers
Author(s): Taxpayers for Common Sense
Publisher(s): Taxpayers for Common Sense
Publication Date: June 25, 2019
Full Text: Download Resource
Description (excerpt):

Federal taxpayers own significant oil and natural gas reserves on federal lands throughout New Mexico and other Western states. The Bureau of Land Management (BLM) within the Department of the Interior (DOI) manages these reserves and is directed by law to collect fair market value from their development and sale. The agency is failing to ensure taxpayers receive a fair market value for these resources because its land management policies are weak and outdated.

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