New Mexico is the fourth-largest net supplier of energy to the nation—largely thanks to its petroleum and natural gas production
New Mexico contributes between three and four of every 100 barrels of oil produced nationwide. The state's output has filled existing pipelines, and some producers are turning to railroads to transport crude oil.
New Mexico's San Juan Basin contains one of the largest proven natural gas reserves in the United States.
Production trillion btu
net energy Production trillion btu
Consumption trillion btu
Gasoline Tax total state + federal, 2014
Requires that 20% of all electricity sold by investor-owned electric utilities, and 10% sold by cooperatives, come from renewable energy resources by 2020.
Requires the use of oxygenated motor gasoline in the winter to reduce carbon monoxide emissions in the Albuquerque metropolitan area.
Requires permits and surety for oil and gas well drilling. There are no permit fees. Compliance bonds depend on the well's depth and location, but begin at $5,000 plus $1 per foot.
Electricity net production, trillion btu