Dan McKay, Albuquerque Journal | December 3rd, 2021SANTA FE — New Mexico’s sky-high revenue projections for the next year shot up again Friday as state economists shared their latest findings at the Capitol.Read more
News Release: Oil & Natural Gas Delivers Record $5.3 Billion to New Mexico State and Local Revenue in 2021
Revenue grows $500 million on the strength of production, returning drilling activity, and rebound in market prices
SANTA FE, NEW MEXICO, December 21, 2020 – A new report from the New Mexico Tax Research Institute shows the state’s oil and natural gas industry provided $5.3 billion in state and local tax revenue for fiscal year 2021 – the highest figure ever recorded in New Mexico history. Revenue jumped more than $500 million from fiscal year 2020 on production growth and improving market conditions, as New Mexico also became the second-largest oil producer in the United States.
Holiday Shopping is powered by oil and natural gas, find out what parts of your holiday gift shopping will be thanks to these natural resources:
There are countless reasons to be thankful for New Mexico’s oil and natural gas industry on Thanksgiving. Here are seven that we think are especially important:Read more
WINDOW ROCK, Ariz. — The 24th Navajo Nation Council reaffirmed its opposition to the Biden Administration proposal of a 20-year ban on oil and gas drilling within a 10-mile radius of the Chaco Culture Heritage Withdrawal Area in northwestern New Mexico.Read more