---
type: "Bill"
title: "OIL & GAS ROYALTY RATE CHANGES"
description: "OIL & GAS ROYALTY RATE CHANGES"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "SB 23"
citation: "New Mexico SB 23 (2025)"
classification: ["bill"]
subjects: ["ENERGY & NATURAL RESOURCES", "PUBLIC LANDS"]
status: "enacted"
primary_sponsors: ["Martínez, Javier", "McQueen, Matthew", "Muñoz, George K.", "Stefanics, Elizabeth \"Liz\""]
version_count: 3
action_count: 9
vote_count: 2
first_action: "2025-01-21"
last_action: "2025-04-11"
source: "openstates"
source_identifier: "ocd-bill/19b56827-79c6-4f87-ae53-6c71cc98a5b9"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=23&year=25"
source_hash: "c1b90b77c88c07c48c7a1286362eedaab5a7df0c81beabd3b6e8b7808f7a983c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nm"]
---

# New Mexico SB 23 (2025) — OIL & GAS ROYALTY RATE CHANGES

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **FC substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0023FCS.HTML)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/SB0023.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0023.HTML)

## Votes

- house passage — **37–31** (pass) · lower
- senate passage — **21–15** (pass) · upper

## Sponsors

- Martínez, Javier — primary (person)
- McQueen, Matthew — primary (person)
- Muñoz, George K. — primary (person)
- Stefanics, Elizabeth "Liz" — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-07** DO PASS committee report adopted `committee-passage-favorable`
- **2025-01-21** Sent to Senate Conservation Committee & Senate Finance Committee `introduction, referral-committee`
- **2025-02-19** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2025-02-22** passed Senate `passage`
- **2025-02-24** Sent to House Energy, Environment and Natural Resources Committee & House Appropriations & Finance Committee `introduction, referral-committee`
- **2025-03-04** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-15** DO PASS committee report adopted `committee-passage-favorable`
- **2025-04-11** Signed `executive-signature`
- **2025-03-20** passed House `passage`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/19b56827-79c6-4f87-ae53-6c71cc98a5b9`. Confidence: reported (aggregated from official New Mexico legislature records).