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A report issued in mid-July by the New Mexico Oil and Gas Association (NMOGA) and the American Petroleum Institute (API) shows that New Mexico’s oil and natural gas industry added almost $19 billion to the state’s gross domestic product in 2019, NMOGA said in a news release.
By Mike Cook | 7/30/21
A new analysis from the nonpartisan New Mexico Tax Research Institute reports state revenue from oil and natural gas production in New Mexico totaled $2.8 billion in FY20, accounting for 33.5 percent of total state spending, the New Mexico Oil and Gas Association (NMOGA) said in a news release.
By Mike Cook | 1/15/21