Fueling New Mexico

How New Mexico’s Oil and Natural Gas Industry Benefits All

Socorro

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Sierra

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Valencia

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Bernalillo

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Chaves

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Lincoln

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Roosevelt

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De Baca

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Guadalupe

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Lea

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San Miguel

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Harding

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Mora

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Torrance

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Union

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Colfax

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Curry

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Quay

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Hidalgo

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Luna

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Otero

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Eddy

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Doña Ana

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Catron

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Grant

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Cibola

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Taos

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Santa Fe

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Los Alamos

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Sandoval

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McKinley

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Rio Arriba

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San Juan

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Click on a county to see their full stats.

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Total contribution to state budget from oil & gas.

$2.9 Billion

That amounts to

35%

of New Mexico's state budget.

Tax Funding

Corporate Income Tax

$18.9 million

Oil & Gas Conservation Tax

$38.9 million

Natural Gas Processors Tax

$10.4 million

Gross Receipts Tax

$219.1 million

Personal Income Tax

$184 million

Oil & Gas School Tax

$420.4 million

Compensating Tax

$13.8 million

Other Funding

Federal Mineral Leasing

$802.9 million

Severance Tax Permanent Fund Income

$202.6 million

Land Grand Permanent Fund Distribution

$697 million

Land Office Income

$9.9 million

Economic Growth

The rapidly exanding $27 billion oil and natural gas industry is growing New Mexico’s economy and giving New Mexicans work.

New Mexico General Fund

Oil and natural gas industry supports one-third, or nearly $3 billion of the state’s annual budget.

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

Students and teachers recieve more than $1.4 billion each year to support New Mexico’s schools.

Total education funding provided by the oil & natural gas industry:

$1.4 Billion

Over 1/3

of the funding for New Mexico schools.

$991,232,561

K-12 Funding

$262,574,758

Higher Education Funding

$45,365

Funding per Teacher

$2,999

Funding per Student