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Oil and gas brings $5 3 billion in revenue to New Mexico, report says

The oil and gas industry’s revenue made up about 35% of the New Mexico general fund, the report read, with $1.04 billion going to public schools.

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New Mexico oil and natural gas industry contributes record $5 3 billion in tax revenue

New Mexico’s oil and natural gas industry contributed $5.3 billion to state and local governments in tax revenue in the fiscal year 2021, the highest figure ever recorded in state history.

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Oil and gas brings $5 3 billion in revenue to New Mexico, report says

The oil and gas industry’s revenue made up about 35% of the New Mexico general fund, the report read, with $1.04 billion going to public schools.

New mexicoUnited statesEddy countyNorth dakotaChaco canyonNew mexicanNew mexicansRichard anklamLeland gouldJoe bidenUs environmental protection agencyGas associationMexico tax research instituteMexico oilMexico oil conservation divisionMexico environment department

Report: Tax revenue from oil, gas hits record high

SANTA FE The oil and gas industry injected nearly $5.3 billion into the budgets of New Mexico and local governments in the last fiscal year a record amou.

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