Foil Income News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A windfall in government income from petroleum production is slowing down but far from over in New Mexico as the nation's No. 2 oil production state grapples with how much it can effectively spend — and how to set aside billions of dollars for the future in case the world's thirst for oil falters. The state is headed for a $3.5 billion general fund surplus for the year running through June 2025, according to a new forecast Monday. New Mexico’s annual state government income has swelled by nearly 50% over the past three years, driven largely by oil an natural gas production in the Permian Basin, the most prolific shale-oil producing region in the country that extends across southeastern New Mexico and portions of western Texas.

United arab emiratesUnited statesNew mexicoMichelle lujan grishamCharles salleeLujan grishamUnited nationsPermian basinDemocratic led legislatureNative americanOil productionNew mexicoPetroleum productionLujan grishamGovernment incomeFoil income