The significance of New Mexico’s oil and gas industry is often underestimated, but it is a critical pillar of our state’s economy. Oil and gas in New Mexico aren’t just about fueling cars and homes; it’s about supporting opportunities for our children and our future, while setting the global standard for clean energy production, with the oil and gas industry leading the way.
In 2023 alone, the oil and gas industry generated a staggering $13.9 billion in state revenue. To put this into perspective, this is approximately half of our general operating fund. These funds are vital to keeping our schools operational, our roads in working condition, and providing essential public services that every New Mexicans rely on daily. A large portion of this revenue, hundreds of millions of dollars to be exact, is channeled directly into our education system. This investment is shaping the future of New Mexico, providing our students with…
