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A boom in New Mexico’s oil and gas sector continues to generate millions for public schools and the University of New Mexico.

With only two months left in the current fiscal year, the New Mexico State Land Office reported revenue through April’s online oil and gas lease sale topped $96.5 million – a 39-percent jump over 2017’s total of $65,266,469.

Tuesday’s online auction of 2,078 acres attracted 18 bidders from six states and generated $1.5 million.

Dakota Resources was the April auction’s big winner. The West Texas-based oil company bid $1,306,000 and secured leases on nearly 1,800 acres in Lea, Eddy and Chaves counties.

The University of New Mexico will receive $1,178,751; public schools will get $295,000.

Commissioner of Public Lands Aubrey Dunn said the land office will host a sale of mineral leases April 18 for tracts of land located in Eddy, Grant, Hidalgo, Luna, McKinley, Sierra and Socorro counties.