New Mexico to see more record revenue from oil and gas

Why Cash is King | Dalby, Wendland & Co., P.C. | CPAs & Advisors


New Mexico, the state led by a Democratic governor and legislature that continues to put more restrictions on its successful oil and gas industry also stands to reap record benefits from the very industry it criticizes.

The Santa Fe New Mexican reports as a result of New Mexico’s booming oil and gas industry, there will be yet another “windfall to state government coffers”—$10.85 billion in revenues for fiscal year 2024. It will include $2.45 billion in “new money.”

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