12 Facts About Fracking

May 08, 2019 2:18 PM

1. Fracking creates jobs.

The oil and natural gas industry employs more than 100,000 New Mexicans thanks to fracking! New Mexico’s oil and natural gas industry even saw its employment rate increase by 2.3% in 2018.

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2. Fracking helps America become energy independent.

The oil boom in New Mexico and technological advancements in fracking make America less reliant on foreign countries for our energy needs.

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3. Fracking creates a cleaner environment.

Between 2011 and 2017, methane emissions intensity from the oil and natural gas industry have fallen by 57% in the Permian Basin.

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4. Fracking helps reduce vehicle emissions.

The refining industry has produced cleaner fuels that have lead to a 99% decrease in vehicle emissions since the 1970s.

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5. Fracking increases your income.

A 2013 IHS Markit study concluded household income increased an average of $1,200 in the year 2012 due to energy savings caused by fracking.

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6. Fracking drives New Mexico’s economy.

Fracking has added $12.8 billion to New Mexico’s economy since 2018. That is a huge number!

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7. Fracking provides ⅓ of New Mexico’s education budget.

In 2018, oil and natural gas provided $822.3 million in funding for K-12 education and $240.5 million for colleges and universities across New Mexico.

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8. Fracking lowers the cost to heat homes in the winter.

Thanks to natural gas, the average homeowner will save $1,500 on home heating costs!

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9. Fracking keeps gas prices down.

Lower gasoline prices saved Americans more than $115 billion in 2016 compared to 2014.

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10. Fracking provides $1.14 billion to public services and infrastructure.

Did you know the oil and gas industry contributes more revenue to New Mexico’s infrastructure, healthcare, and public services than any other industry? Oil and gas fuels New Mexico.

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11. New Mexico is the 3rd largest producer of oil in the United States.

Fracking has helped producers reach previously inaccessible resources, providing families with affordable energy, made in New Mexico.

12. Fracking means a stronger economy and a brighter future for New Mexico.