State and Local Revenue from Oil and Gas

The oil & gas industry provides significant revenues to the State of New Mexico and local municipalities.  For fiscal year 2010, oil & gas revenue payments in the form of taxes, royalties and other revenues totaled nearly $2.2 billion, that’s over $6 million every day! Details are shown in the table below:

Source: Overview of New Mexico Taxes on Oil and Gas Production
Presented to the Revenue Stabilization and Tax Policy Committee
by Thomas Clifford PhD, Policy and Research Director
New Mexico Taxation and Revenue Department
July, 2011
Click here to download the complete report (Pdf File)

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The New Mexico Prosperity Project

The New Mexico Prosperity Project

is a nonpartisan, nonprofit collaborative effort of the state's business community to provide up-to-date, easily accessible information to New Mexico businesses and their employees about federal, state, and local government activities that have an effect on the state's economic growth and business climate.
Energy Advances New Mexico

Energy Advances New Mexico

is an alliance of energy companies focused on realizing domestic energy solutions to help meet our nation's energy demand, while reducing dependence on foreign resources.
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The social action network for members of the oil and natural gas industry. An informational hub where the men and women of America’s oil and natural gas industry can get facts on the issues and share them with their policymakers, ensuring their voices are heard loud and clear in Washington.