Land Commissioner Aubrey Dunn says the November sale represents the highest single-month yield in the agency’s history. The previous monthly record of just over $30 million was set in July 2017.
Dunn was expecting a good month but was surprised by the outcome. He says it will help with the goal of generating $1 billion in revenues for the current fiscal year.
In all, 35 tracts covering more than 12 square miles were up for bid in Lea, Chaves and McKinley counties. All but one tract was leased and another ended up being withdrawn.