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New Mexico s Record Oil Output To Generate $3 5 Billion Budget Surplus

A record-high crude oil production in New Mexico this year is expected to boost the state’s income for its general fund, leaving it with a $3.5-billion surplus for the fiscal year between July 2024 and June 2025

Oil Production Boosts Government Income in New Mexico

SANTA FE, N.M. Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year.

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