Fueling New Mexico
How New Mexico’s Oil and Natural Gas Industry Benefits All
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Total contribution to state operating budget from New Mexico's Oil & Gas industry:
$5.8 Billion
Plus An Additional $5 Billion To Reserves And Endowments
That amounts to over
35%
of New Mexico's state budget.
Economic Growth
The rapidly expanding $63.3 billion oil and natural gas industry is growing New Mexico’s economy.
New Mexico General Fund
Oil and natural gas industry
supports over 35%, or nearly $5.9 billion, of the state’s annual budget, Plus an additional $5 billion to Reserves and Endowments.
More Jobs
More than 134,000 New Mexicans are employed as a result of oil and natural gas production.
Vital Infrastructure
Oil and gas funds support the construction of new roads and highways to keep New Mexico on the move.
Public Safety
Oil and natural gas help New Mexico put more public safety officers on the streets, keeping our communities safe.
Funding Local Schools
New Mexico’s schools receive about
$1.4 billion each year to support students and teachers.
Total education funding provided by the oil & natural gas industry:
$1.4 Billion
Over 1/3
of the funding for New Mexico schools.
$1,038,291,668
K-12 Funding
$283,514,919
Higher Education Funding
$44,040
Funding per Teacher
