Oil and Natural Gas Accounted for $18.8 Billion of New Mexico’s economy in 2019

 

 

 

A new analysis by the New Mexico Oil and Gas Association showed how the oil and gas industry contributed nearly $19 billion to the state’s gross domestic product in 2019. That’s 17.9% to New Mexico’s total.

The study also said the industry generated an additional 1.5 jobs elsewhere in New Mexico’s economy for each direct job in the state’s oil and natural gas industry.

Click here to view the analysis.

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