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.
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