New Mexico's oil and gas industry generated a total of $13.1 billion in state and local tax revenue in 2025. $2.4 billion of this funding goes towards K-12 and higher education, supporting teacher pay, scholarships, construction and renovation, and more.
$282 million in oil and gas tax revenue funds new school buildings, renovations, and major improvements through the Public School Capital Outlay program. This money supports projects in all New Mexico counties, even in those that do not produce oil and gas.
Across the state, in every public school and university, oil and gas ensures students learn in safe, modern facilities with dedicated teachers prepared to set students up for success. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.
