A New Day at IPANM

New Mexico produced record $2.2 billion in oil revenue in 2018


(OILPRICE.COM & Albuquerque Journal) – New Mexico received $2.2 billion in revenues from oil production last year, data from the state’s Tax Research Institute showed. This was a 26-percent increase on the year, which amounted to $465 million more money than 2017. The total amount represented 32.3 percent of the New Mexico State General Fund recurring revenue.

New Mexico produced record $2.2 billion in oil revenue in 2018