New Mexico among leading oil producing states

10 Jul 2014

new mexico, energy, oil production

ALBUQUERQUE — Federal statistics are showing what many people in New Mexico already know: The state is in the midst of an oil boom.

The U.S. Energy Information Administration released figures Tuesday that show New Mexico, North Dakota and Wyoming are right behind the Gulf of Mexico in crude oil production on federal and tribal land.

And despite steady decreases since 2003, New Mexico remained among the top producers of natural gas.

The State Land Office says the nearly $817 million in revenues earned during the 2014 fiscal year marks a record for New Mexico. The previous record of $653 million was set in 2012.