IPANM (Royalties) – A new study conducted by the non-partisan Tax Research Institute shows that New Mexico oil and gas operators already contribute the greatest percentage share of total oil and gas production value to the government compared to the other states. The findings were presented on Friday, January 18, 2019 to the New Mexico House Appropriations & Finance Committee. Despite these findings, IPANM anticipates the New Mexico State Land Office will continue to push for higher royalty rates during this 2019 Legislative Session. See links below for actually study results and news coverage.
New Mexico Tax Research Institute Final Report – New Mexico
New Mexico Tax Research Institute Final Report – New Mexico Compared to Other States
Albuquerque Business Journal – How NM stacks up on revenue from oil and gas