Record $5.3 billion in revenue from oil and gas in New Mexico

New Mexico oil and gas market could take 3 more years to recover -  Albuquerque Journal


Those New Mexico leaders who want to shift away from oil and gas toward renewable energy sources have a good reason to reconsider—oil and gas just pumped a record $5.3 billion into the state’s governments over the past fiscal year.

The Santa Fe New Mexican reports a new report by New Mexico Tax Research Institute won praise from the oil and gas industry as more proof their business plays a vital role in funding the state’s government.

Click here for Santa Fe New Mexican.