Pricing and Affordability

As the third largest energy producing state in the nation, New Mexico is one of the most critical to ensuring our energy, goods, and services remain affordable. Today, new technologies in the oil and natural gas sector are helping keep energy reliable and affordable for families, businesses, and communities across the state and nation. Energy isn’t just a policy debate, it’s a financial decision like the heat in a family’s home, the fuel in a worker’s truck, and the power behind the hospital down the road.

The world needs more energy, not less. More than 700 million people worldwide still have no access to electricity, and developed economies, including the United States, require growing supplies of affordable energy to power manufacturing, infrastructure, defense, healthcare, and everyday life. The answer to that demand isn’t less energy. It’s more energy, produced cleaner and smarter.

In a world where global supply disruptions send fuel prices spiking and families feel it immediately at the pump and on their utility bills, domestic production is not just an economic asset. It is a stability mechanism. New technologies in the oil and natural gas sector are making that production cleaner and more efficient every year. Innovation in drilling, data analytics, and infrastructure has allowed New Mexico producers to safely and efficiently develop energy resources that power homes, fuel transportation, and support the state’s economy.

Technology Is Making Energy More Efficient

Advances in energy technology are helping producers operate more efficiently and lower the cost of energy production. Examples include:

These innovations increase productivity and lower operating costs, which helps keep energy prices competitive.

Reliable Supply Helps Stabilize Prices

Energy affordability depends on supply — and supply can vary for a variety of reasons. When geopolitical instability disrupts global energy markets, it is domestic production, like the oil and gas produced right here in New Mexico, that prevents price shocks from becoming energy crises. New Mexico energy production supports national energy security, reduces dependence on adversarial nations, and keeps Americans employed.

New Mexico’s production growth has played a major role in strengthening U.S. energy supply in recent years. Much of that growth has come from the Permian Basin, where improved drilling productivity has dramatically increased output. A stronger energy supply helps reduce the risk of price spikes and supports more stable fuel and electricity costs for consumers. A diverse energy portfolio is the free market at work — providing choice for consumers on the right type of energy to fit their needs.

Affordable natural gas helps keep heating costs manageable for families across the state.

Innovation Will Continue Driving Affordable Energy

Energy demand continues to grow, and technology will remain essential to meeting that demand responsibly and affordably.

From next-generation drilling technologies to advanced emissions-reduction tools, New Mexico’s energy industry is producing more efficiently while generating the revenues that fund public education, infrastructure, and the state services New Mexicans depend on. That is the foundation the transition is being built on. Clean, affordable, and reliable energy is the future we are investing in.

Reliable energy supply, modern technology, and responsible development all play a role in ensuring that New Mexicans continue to benefit from affordable and dependable energy.

Dollars Supporting New Mexicans

The oil and gas industry shapes New Mexico’s long- and short-term economic stability and prosperity. Royalties and taxes from production fund public schools, roads, and state services.

The story of New Mexico energy is ultimately a human story. The workers in this industry are neighbors, veterans, and community members — the welders and electricians and engineers, the small business owners and royalty recipients, the teachers whose classrooms are funded by oil and gas revenues. The face of this industry is your neighbor, your child’s teacher, your community.

When we talk about energy policy, we have to put faces to the stakes: the family whose heating bill spikes, the student whose school loses funding, the worker whose career disappears before a replacement is ready. Building a cleaner future relies on cleaner energy development — and New Mexico’s energy industry is doing just that while keeping the lights on, the schools funded, and the workforce employed.