Journal Article

New Mexico fuels U.S. crude oil output, funding for local programs


Abstract: New Mexico has become a U.S. leader in energy production over the past five years, drawing on Permian Basin reserves in the southeastern corner of the state. Oil and gas proceeds fund an increasing share of state government, most notably involving education programs.

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Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2025-03-24