the impact of oil and natural gas on

new mexico's state budget

oil and natural gas contributes

$2.8 billion

to new mexico's state budget

general fund revenues attributed to oil and gas production throughout the years

General Fund Chart

FY20 Total Revenues $2.801 BILLION | 33.5%

38.8%

total revenues

$2.8 billion

33.5%

tax

12.2%

gross receipts tax

$341 million

11.6%

7.2%

personal income tax

$166 million

9.8%

100%

oil & gas school tax

$389.6 million

100%

22.30%

compensating tax

$14.2 million

22.3%

13.0%

corporate income tax

$8.2 million

13%

100%

oil & gas conservation tax

$29.5 million

100%

100%

natural gas processors tax

$14.8 million

100%

other

99%

federal mineral leasing

$808.9 million

99%

96%

land grant permanent fund dist.

$651.3 million

96.7%

86.60%

sev tax perm. fund income

$195.1 million

86.6%

71.9%

Land Office Income

$17 million

24.3%

benefits of the oil and natural gas industry to

new mexico's economy and budget

the oil and gas industry contributes over one-third of the funding for schools, infrastructure, healthcare, and public safety -

more than any other industry in new mexico.

Highway

vital infrastructure

oil and gas funds support the construction of new roads and highways to keep new mexico on the move.

Money Bag

new mexico general fund

oil and natural gas industry supports one-third, or $2.8 billion, of the state's annual budget.

School Funding

funding for local schools

students and teachers receive nearly $1.4 billion each year to support new mexico's schools.

Safety

public safety

oil and natural gas help new mexico put more public safety officer on the streets, keeping our communities safe.

Security

american energy security

producing oil and natural gas in new mexico makes america less reliant on other countries for our energy needs.

More Jobs

more jobs

Tens of thousands of New mexicans are employed as a result of oil and natural gas production.

the oil and gas industry's benefit to

new mexico schools

Pie Chart Filled to 33%

the oil and gas industry contributes over

one-third

of the

funding for schools

total education funding

provided by the oil and natural gas industry

in new mexico

$1.37 Billion

Book

$1,062,500,000

K-12 Funding
School

$$290,500,000

Higher Education Funding
Teacher

$$60,062

Funding Per Teacher
Student

$$3,788

Funding Per Student

(Click below to see your county's total)

New Mexico Map
Socorro

County

16,637

$20.001 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654112/2020_socorro.pdf?1608654112

Sierra

county

10,791

$3.926 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654113/2020_sierra.pdf?1608654113

Valencia

county

76,688

$38.399 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654105/2020_valencia.pdf?1608654105

Bernalillo

county

679,121

$409.4 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654154/2020_bernalillo.pdf?1608654154>

Chaves

county

64,615

$41.375 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654287/2020_chaves.pdf?1608654287

Lincoln

county

19,572

$10.004 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654131/2020_lilncoln.pdf?1608654131

Roosevelt

county

18,500

$22.491 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654122/2020_roosevelt.pdf?1608654122

De Baca

county

1,748

$1.177 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654141/2020_de_baca.pdf?1608654141

Guadalupe

county

4,300

$2.588 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654136/2020_guadalupe.pdf?1608654136

Lea

county

71,070

$48.414 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654131/2020_lea.pdf?1608654131

San Miguel

county

27,277

$25.917 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654118/2020_san_miguel.pdf?1608654118

Harding

county

625

$1.052 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654134/2020_harding.pdf?1608654134

Mora

county

4,521

$2.232 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654128/2020_mora.pdf?1608654128

Torrance

county

15,461

$6.83 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654109/2020_torrance.pdf?1608654109

Union

county

4,059

$2.375 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654108/2020_union.pdf?1608654108

Colfax

county

11,941

$6.032 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654147/2020_colfax.pdf?1608654147

Curry

county

48,954

$28.727

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654146/2020_curry.pdf?1608654146

Quay

county

8,253

$7.145 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654125/2020_quay.pdf?1608654125

Hidalgo

county

4,198

$2.585 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654132/2020_hidalgo.pdf?1608654132

Luna

county

23,709

$17.459 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654130/2020_luna.pdf?1608654130

Otero

county

67,490

$25.546 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654126/2020_otero.pdf?1608654126

Eddy

county

58,460

$38.601 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654138/2020_eddy.pdf?1608654138

Doña Ana

county

218,195

$185.24 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654140/2020_dona_ana.pdf?1608654140

Catron

county

3,527

$1.241 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654153/2020_catron.pdf?1608654153

Grant

county

26,998

$20.237 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654136/2020_grant.pdf?1608654136

Cibola

county

26,675

$11.172 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654148/2020_cibola.pdf?1608654148

Taos

county

32,723

$15.171 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654110/2020_taos.pdf?1608654110

Santa Fe

county

150,358

$63.726 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654115/2020_santa_fe.pdf?1608654115

Los Alamos

county

19,369

$11.04 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654130/2020_los_alamos.pdf?1608654130

Sandoval

county

146,748

$69.435 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654117/2020_sandoval.pdf?1608654117

McKinley

county

71,367

$35.497 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654129/2020_mckinley.pdf?1608654129

Rio Arriba

County

38,921

$19.142 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654124/2020_rio_arribia.pdf?1608654124

San Juan

County

123,958

$66.004 Million

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1608654121/2020_san_juan.pdf?1608654121

new mexico

counties

county population

total education funding

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