Report: New Mexico’s Oil and Natural Gas Industry

This graphical analysis reviews the status of New Mexico's oil and gas industry including production, drilling activity, and its role in the state's economy.

New Mexico’s fossil fuel energy industry, led by oil development, has made a strong recovery since the recession. The strength of crude oil prices relative to natural gas prices has driven a dramatic shift in drilling activity from natural gas to oil across the region and within New Mexico.

This report uses graphical analysis to offer a snapshot of New Mexico’s oil and natural gas industry, its direction, and implications for the state’s economy. The purpose of this report is to educate decision makers and the public about the current health of New Mexico’s oil and gas industry, the status of the clean energy sector, and how the state can better benefit from its energy industries.