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

Author

Listed:
  • Garrett Golding
  • Diego Morales-Burnett
  • Kunal Patel

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.

Suggested Citation

  • Garrett Golding & Diego Morales-Burnett & Kunal Patel, 2025. "New Mexico fuels U.S. crude oil output, funding for local programs," Southwest Economy, Federal Reserve Bank of Dallas, March.
    • Handle: RePEc:fip:feddse:99725
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    File URL: https://www.dallasfed.org/research/swe/2025/swe2504
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    Keywords

    energy; gas; oil; New Mexico; Texas;
    All these keywords.

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