NM ranks as one of the largest oil producers

NM ranks as one of the largest oil producers

ALBUQUERQUE (KRQE) – Federal statistics are showing what many people in New Mexico already know: The state is in the midst of an oil boom.

The U.S. Energy Information Administration released figures that show behind the Gulf of Mexico, New Mexico, North Dakota and Wyoming are the largest crude oil producers on federal and tribal land.

New Mexico also remains among the top producers of natural gas.

The state land office says the nearly $817 million in revenues earned during the 2014 fiscal year marks a record for New Mexico.

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