New Mexico’s oil and gas industry generated $2.2B in 2018

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New Mexico’s oil and gas industry generated $2.2 billion for the state during the 2018 fiscal year. 

The Albuquerque Journal is reporting that according to the latest report from the NM Tax Research Institute, that’s a record number. The report states that state revenue jumped by $465 million or 26 percent, compared with the 2017 fiscal year which ended in June. 

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