Here is a chart of how taxes and royalties flow directly from the oil and gas industry into the coffers of the State of New Mexico and local government entities. The chart does not include income taxes, payroll taxes, gross receipts taxes, or compensating taxes from oil and gas operators. The chart also does not include indirect tax impacts such as income and other taxes from service and support companies.
State of New Mexico Revenue from Oil and Gas Industry Fiscal Year 2012
February 15, 2013 by