The largest oil and gas producers in New Mexico and their impact on the economy

The oil and gas industry has a big impact on the New Mexico economy.

In 2018, the oil and gas industry contributed $2.2 billion to the state’s revenue, according to the New Mexico Oil and Gas Association, an increase of $465 million from the previous fiscal year.

Production for both oil and gas hit record highs in 2018, as reported by the Energy, Minerals and Natural Resources Department’s Oil Conservation Division. Total oil production for the year was 248 million barrels, which includes a…

Source: The Business Journal