What is the impact of fossil fuels on New Mexico?

What is the impact of fossil fuels on New Mexico?

Oil and gas play an important role in the economy of New Mexico.

New Mexico ranked 7th in natural gas production and 8th in oil production in the United States in 2009.

Because of our abundance of fossil fuels, the oil and gas industry employs over 12,000 New Mexicans.

It’s important to remember, however, that the oil and gas industry doesn’t just help adults by creating jobs, it helps kids too. In 2009, oil and gas taxes and other payments to the State of New Mexico and local governments in New Mexico totaled $1.7 billion. Much of this money goes to fund public schools and state colleges. It is also used to construct public roads, buildings and state parks.

Share
 
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.
Join Energy Nation

Join Energy Nation

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.