the impact of oil and natural gas on

new mexico's state budget

oil and natural gas contributes

$3.1 billion

to new mexico's state budget

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

General Fund Chart

$ (millions)

total general fund revenue

total general fund revenue attributed to oil and gas

oil & natural gas revenue increased by

$910 million

from fy18 to fy19

fy19 general fund revenue attributed to oil and gas production ($millions)

38.8%

total revenues

$3.111 billion

39%

tax

12.2%

gross reciepts tax

$326 million

12.2%

7.2%

personal income tax

$127 million

7.2%

100%

oil & gas school tax

$555 million

100%

22.30%

compensating tax

$18 million

22.3%

13.0%

corporate income tax

$3 million

13.0%

100%

oil & gas conservation tax

$29 million

100%

100%

natural gas processors tax

$15 million

100%

other

99%

federal mineral leasing

$1.135 billion

99%

96%

land grant permanent fund dist.

$618 million

96.7%

86.60%

sev tax perm. fund income

$191 million

86.6%

71.9%

state land office bonuses, etc.

$95 million

71.9%

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

the oil and natural gas industry supports one-third, or $3.111 billion, of the state's annual budget.

Safety

public safety

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

Economic Growth

economic growth

the rapidly expanding oil and natural gas industry is growing new mexico's economy and putting more new mexicans to work.

School Funding

funding for local schools

students and teachers receive more than $1 billion each year to support new mexico's schools.

More Jobs

more jobs

more than 100,000 new mexicans are employed as a result of oil and natural gas production in new mexico.

Security

american energy security

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

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

$1,358,167,090

Book

$1,058,907,732

total amount k-12

School

$302,759,789

total amount higher education

Teacher

20,974

teachers

Student

332,602

students

$1,361,667,521 could provide new mexico schools with

Teacher

28,971

teachers

Computer

6,808,337

computers

Apple

642,296,000

school lunches

School Desk

9,077,783

desks

Backpack

64,841,310

backpacks

(Click below to see your county's total)

New Mexico Map
Socorro

County

16,735

$22,442,790

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121531/NMOGA_EduReport_Pages_socorro_v3.jpg?1579121531

Sierra

county

10,968

$4,698,970

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121498/NMOGA_EduReport_Pages_sierra_v3.jpg?1579121498

Valencia

county

76,456

$40,559,277

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121692/NMOGA_EduReport_Pages_valencia_v3.jpg?1579121692

Bernalillo

county

678,701

$435,918,488

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579116547/NMOGA_EduReport_Pages_bernalillo_v3.jpg?1579116547">

Chaves

county

64,689

$43,120,494

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579117222/NMOGA_EduReport_Pages_chaves_v3.jpg?1579117222

Lincoln

county

19,556

$14,925,544

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120766/NMOGA_EduReport_Pages_lincoln_v3.jpg?1579120766

Roosevelt

county

18,743

$24,308,630

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121264/NMOGA_EduReport_Pages_roosevelt_v3.jpg?1579121264

De Baca

county

1,781

$1,421,232

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120183/NMOGA_EduReport_Pages_debaca_v3.jpg?1579120183

Guadalupe

county

4,341

$2,892,761

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120462/NMOGA_EduReport_Pages_guadalupe_v3.jpg?1579120462

Lea

county

69,611

$49,712,720

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120727/NMOGA_EduReport_Pages_lea_v3.jpg?1579120727

San Miguel

county

27,591

$28,420,984

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121376/NMOGA_EduReport_Pages_sanmiguel_v3.jpg?1579121376

Harding

county

655

$1,150,959

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120617/NMOGA_EduReport_Pages_harding_v3.jpg?1579120617

Mora

county

4,506

$2,747,077

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121068/NMOGA_EduReport_Pages_mora_v3.jpg?1579121068

Torrance

county

15,591

$7,485,780

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121617/NMOGA_EduReport_Pages_torrance_v3.jpg?1579121617

Union

county

4,118

$2,812,061

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121654/NMOGA_EduReport_Pages_union_v3.jpg?1579121654

Colfax

county

12,110

$6,847,349

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120060/NMOGA_EduReport_Pages_colfax_v3.jpg?1579120060

Curry

county

49,437

$31,402,455

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120130/NMOGA_EduReport_Pages_curry_v3.jpg?1579120130

Quay

county

8,253

$8,117,281

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121184/NMOGA_EduReport_Pages_quay_v3.jpg?1579121184

Hidalgo

county

4,240

$3,028,328

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120672/NMOGA_EduReport_Pages_hidalgo_v3.jpg?1579120672

Luna

county

23,963

$18,043,344

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120919/NMOGA_EduReport_Pages_luna_v3.jpg?1579120919

Otero

county

66,781

$27,707,596

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121147/NMOGA_EduReport_Pages_otero_v3.jpg?1579121147

Eddy

county

57,900

$40,507,959

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120372/NMOGA_EduReport_Pages_eddy_v3.jpg?1579120372

Doña Ana

county

217,522

$195,217,748

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120265/NMOGA_EduReport_Pages_don%CC%83aana_v3.jpg?1579120265

Catron

county

3,578

$1,991,033

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579116911/NMOGA_EduReport_Pages_catron_v3.jpg?1579116911

Grant

county

27,346

$22,824,821

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120424/NMOGA_EduReport_Pages_grant_v3.jpg?1579120424

Cibola

county

26,746

$12,499,804

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579117285/NMOGA_EduReport_Pages_cibola_v3.jpg?1579117285

Taos

county

32,835

$16,914,442

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121574/NMOGA_EduReport_Pages_taos_v3.jpg?1579121574

Santa Fe

county

150,056

$72,568,192

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121417/NMOGA_EduReport_Pages_santafe_v3.jpg?1579121417

Los Alamos

county

19,101

$12,168,386

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120878/NMOGA_EduReport_Pages_losalamos_v3.jpg?1579120878

Sandoval

county

145,179

$74,628,213

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121307/NMOGA_EduReport_Pages_sandoval_v3.jpg?1579121307

McKinley

county

72,290

$38,799,482

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579120986/NMOGA_EduReport_Pages_McKinley_v3.jpg?1579120986

Rio Arriba

County

39,006

$21,897,663

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121223/NMOGA_EduReport_Pages_rioarriba_v3.jpg?1579121223

San Juan

County

125,043

$73,885,659

https://d3n8a8pro7vhmx.cloudfront.net/nmoga/pages/849/attachments/original/1579121339/NMOGA_EduReport_Pages_sanjuan_v3.jpg?1579121339

new mexico

counties

county population

total education funding