Economic Impact Handout

See here how energy advances New Mexico.

  • New Mexico is 4th in the nation in terms of proven natural gas reserves.
  • New Mexico’s natural gas and oil industry directly generates over $3.425 billion toward our state’s gross domestic product.
  • The industry provided nearly $534 million in 2011 for essential state services like schools, road repair and public works.
  • For every $1.00 generated in natural gas and oil production, an additional $0.67 of economic activity within the state is observed.
  • Nearly 30,000 New Mexico jobs depend on the natural gas and oil industry.
  • Each industry job generates 1.96 additional jobs in New Mexico.
  • New Mexico’s natural gas and oil industry provides more than 18% of the state’s funding.

Downlad PDF