The oil and gas industry provides $13.1 billion in state and local revenue, and over $1.9 bllion of this funding goes directly to capital outlay projects. These local projects include roads, playgrounds, public schools, libraries, fire stations, health clinics, and more.
This economic impact is felt in all corners of the state, even in counties that don't produce oil and gas. Every county in New Mexico has received capital outlay funding generated by the oil and gas industry.
This investment of oil and gas tax revenue has powered more than 1,500 projects in the last year alone, improving the quality of life for all New Mexicans. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
https://www.youtube.com/watch?v=Ll30AHkL8lQ
