The rapidly expanding $63.3 billion oil and natural gas industry is growing New Mexico’s economy.
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 than 134,000 New Mexicans are employed as a result of oil and natural gas production.
Oil and gas funds support the construction of new roads and highways to keep New Mexico on the move.
Oil and natural gas help New Mexico put more public safety officers on the streets, keeping our communities safe.
New Mexico’s schools receive about
$1.4 billion each year to support students and teachers.