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State breaks oil and gas revenue record in FY 2018

State revenue from oil and gas production reached $2.2 billion in fiscal year 2018, a record high and an increase of $465 million from the previous year, according to a new New Mexico Tax Research Institute report, the New Mexico Oil and Gas Association announced Tuesday.

“Across New Mexico, communities and public schools are seeing the enormous impact and benefits provided by a thriving oil and natural gas industry in our state,”…

Source: The Business Journal

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