Nm Oil & Gas Association

About

New Mexico’s oil and gas industry produces affordable energy that fuels our economy. In 2014, the industry provided 2.1 billion dollars in general fund revenues to the state. This money pays teachers and professors at our public schools, colleges and universities, and oil and gas is one of the largest sources of capital funds used to build schools.  As the chart below shows, the amount of general fund revenue related to oil and gas fluctuates from year to year based on production levels and commodity prices. The oil and gas industry plays a major part in funding state government, and will continue to do so for decades to come.