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Boom boosts state earnings

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By Susan Montoya Bryan
The Associated Press

ALBUQUERQUE — An oil and gas boom in New Mexico and more than a dozen new renewable energy projects have translated into record earnings of more than $670 million for the State Land Office, boosting the funding available for public schools, universities and other trust beneficiaries.

In announcing the figures Wednesday, Land Commissioner Ray Powell said 2013 marked the biggest year in the agency’s history. In December alone, earnings reached a record $79 million.


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