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Since New Mexico’s early days of statehood, the oil and gas industry has ingrained itself in the fabric of the state’s finances. Today, Big Oil executives and pro-industry politicians link the state’s well-being with the success of oil and gas, highlighting its significance to the economy at every turn. But while the oil and gas […]
Recent numbers from the New Mexico Tax Research institute also show that the oil and gas industry in New Mexico contributed $5.3 billion to state and local governments in the fiscal year 2021.