State Lawmakers Recognize New Mexico’s Oil and Gas Industry

STATE LAWMAKERS TOOK A BREAK FROM DEBATING YESTERDAY TO CELEBRATE NEW MEXICO’S OIL AND GAS INDUSTRY. DARRELL MOODY HAS THE DETAILS…

THE NEW MEXICO STATE SENATE…PASSES THE OIL AND GAS INDUSTRY DAY SENATE MEMORIAL 20 UNANIMOUSLY. THE LEGISLATION CO-SPONSORED BY HOBBS REPUBLICAN SENATOR GAY KERNAN RECOGNIZES THE STATE’S THIRD PLACE RANK IN IN DOMESTIC OIL PRODUCTION. NEW MEXICO RANKS NINTH IN NATURAL GAS PRODUCTION. THE PERMIAN BASIN…HIGHLIGHTED AS THE LARGEST CONTINUOUS OIL AND GAS RESOURCE EVER ASSESSED. LAST YEAR, THE OIL AND GAS INDUSTRY CONTRIBUTED AN ESTIMATED 2-POINT 2-BILLION DOLLARS…ACCOUNTING FOR ROUGHLY A THIRD OF NEW MEXICO’S GENERAL FUND.