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How NM stacks up on revenue from oil and gas

According to a report from the New Mexico Tax Research Institute and Moss Adams, a Seattle-based accounting, consulting and wealth management firm, the state collected more than $4 billion in revenue from activities related to oil and natural gas production in FY18, which is more than $1 billion higher than what New Mexico took the year before. The revenue was made up of royalties and taxes, land income and…

Source: The Business Journal

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