ENERGY IN NEW MEXICO

DID YOU KNOW   

• 2021 NM oil & gas paid $5.3 billion in taxes 

• NM is 3rd largest oil producer in U.S.

• Black outs are projected in summer of 2022 due to shut downs in San Juan Basin

The rush to green energy will destroy our economy.  Our prosperous country is automatically greener and cleaner than other nations, without draconian green energy measures.  Does it make sense to kill our oil and gas industries with well paying jobs, and then buy more expensive dirty coal and gas from other countries?

WHAT CAN YOU DO? 

- Understand the value of our energy and the positive impact it has to our economy 

- Advocate for continued use of oil & gas. 

- We must be energy independent - even export our energy to Europe.

- Understand the facts, e.g. electric cars get 75% of the energy from coal and other fossil fuels.  We will not have enough electricity to meet the demand for electric vehicle charging & charging stations for many dozens of years.

- Killing our oil and gas industries will have devastating effects on school funding.      

- Vote for candidates who support oil & gas. 

Find Out More below

New Mexico is 9th top energy producer in the nation* but surprisingly faces brown outs and black outs in this summer due to poor NM government policies** 

- Oil and gas mining equate to 1/10th of New Mexico’s GDP 

- In 2021, New Mexico Oil and Gas production provided $5.3 Billion to New Mexico’s state and local tax revenue.  32.8 % of that revenue provided funds for public and higher education*** 

- New Mexico is the 3rd largest oil producing state in the country (behind Texas and North Dakota).  NM has 8% of the total U.S. oil reserves.  Most of those reserves come from the Permian Basin in southeast NM (Carlsbad and Hobbs)

- In 2020, New Mexico production exceeded 1 million barrels/day 

- New Mexico has 2 oil refineries (Gallup and Artesia). They refine approx. 137,000 barrels of crude per day 

- New Mexico’s San Juan Basin (Four Corners) is one of the top 5 natural gas producing areas in the country 

- 35% of the natural gas produced in New Mexico is used to generate electricity in the state 

- The San Juan Basin has 2% of the nation’s coal reserves.  Coal-fired plants in New Mexico have largely been shut down (2013, 2017, 2019 and 2022) due to environmental regulations. The San Juan coal plant is slated to close on September 30, 2022 and electricity shortages will surface in 2023.  These brown outs and black outs are due to Governor Grisham’s 2019 Energy Transition Act, which is to blame for creating the upcoming electricity shortage in New Mexico** 

- New Mexico has no nuclear power plants 

- New Mexico has installed a 2,558 megawatt wind farm in eastern NM 

- New Mexico is in the top 3 best potential states for producing solar energy   

- New Mexico has the 2nd largest uranium reserves in the nation and has other rare earth resources yet to be tapped   

*U.S. Energy Information Administration, March 2021

**Rio Grande Foundation March 25, 2022 

***NM Tax Research Institute Fiscal Year 2021