Oil and Gas Industry Taxes Support New Mexico Permanent Funds - New Mexico Oil and Gas Association

Oil and Gas Industry Taxes Support New Mexico Permanent Funds

The oil and gas industry provides $13.1 billion in state and local revenue, and over $3.1 billion of this funding goes directly to NM permanent funds. The state invests these funds and uses the interest earned to fund essential state programs. 

In 2025, New Mexico used $1.6 billion of this investment revenue to support education, healthcare, and public safety services. Over time, the permanent fund continues to grow as interest builds and additional funds are added, creating a long-term stable revenue source to support every New Mexican. 

Although not every county in New Mexico produces oil and gas, every county benefits from the funding generated by the industry. Find out how much you benefit from oil and gas at ForEveryNewMexican.com.