New Mexico's oil and gas industry generated $7.5 billion in state general fund revenue last year, equal to 48% of total state general fund revenue.
This money is used to support necessary funding for healthcare programs, including Medicaid, and public education at K-12 and higher education institutions. Residents across the state rely on these programs to stay healthy, educate their children, and gain new skills and knowledge to find high-paying jobs in New Mexico.
Revenues generated by the oil and gas industry benefit all New Mexicans, even those in counties that do not produce. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
