Number of operating oil, gas drill rigs in New Mexico reaches new high

New Mexico
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The number of oil and gas drill rigs operating in New Mexico has reached a record level.

The numbers show there are 103 active rigs in New Mexico.

According to The New Mexico Oil and Gas Association, the state is behind only Texas and Oklahoma when it comes to active rigs.

Revenue from oil and gas royalties, taxes and fees totaled more than $1.7 billion last fiscal year.

More than $930 million went to public school and the state’s universities and colleges.

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