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As part of President Obama's all-of-the-above strategy to continue to expand safe and responsible domestic energy production, a Bureau of Land Management (BLM) oil and gas lease auction today netted more than $70 million in revenues from the sale of 69 Federal leases in the States of New Mexico, Oklahoma, and Texas.BLM oil and gas leases are awarded for a period of 10 years and for as long thereafter as there is production in paying quantities. The revenue from the sale of these Federal leases, as well as the 12.5 percent royalties collected from the production of those leases, is shared between the Federal Government and the State of New Mexico. Fifty-two percent of the revenue generated goes to the Federal Government and 48 percent to the state where leasing occurs. New Mexico will receive $33,425,507.52 million on 53 Federal leases totaling 21,531.23 acres from today's sale; while Oklahoma will receive $335,856.00 on 15 Federal leases totaling 3,178.09 acres; and Texas will receive $30,192.00 on 1 Federal lease totaling 73.20 acres.Over the past 10 years, New Mexico has received $4.3 billion from energy production on BLM-managed Federal leases, all of which has been allocated directly to public education.The Mineral Leasing Act of 1920 and the 1987 Federal Onshore Oil and Gas Leasing Reform Act authorize leasing of Federal oil and gas resources. BLM lease sales are competitive and conducted by oral bidding.For information about upcoming lease sales, visit: www.blm.gov/nm/oilandgas.