Even though representatives of New Mexico’s largest electric utility aren’t sure where the power will come from, they’re positive rates won’t be raised on families. It’s a position that doesn’t jive with history. Representatives from PNM, New Mexico’s largest electric provider, are supporting the recently passed Energy Transition Act or ETA. This “Green New Deal” for New Mexico demands renewable benchmarks for the years ahead culminating with a 50% mandate by 2030 with a goal of 80% by 2040, regardless of the number of jobs lost. Around 1,500 dedicated energy workers and their families will need to find a new way…

Last month, we told you how New Mexico is raking in a massive $1.2 billion budget surplus thanks to the state’s energy industry. That cash infusion is going towards priorities like infrastructure and education, helping more New Mexico residents fulfill the American dream. Now, a new report from the state’s Oil Conservation Division finds that the energy industry is growing even faster than expected, and the state could bring in even more than the $1.2 billion that was previously forecasted. The Albuquerque Journal explains that New Mexico “is riding a monster wave of oil production, with output flooding into a record of…

New Mexico continues to reap rewards from its oil boom in the Permian Basin, which covers parts of New Mexico and Texas and has become the beating heart of New Mexico’s economic growth. Last month, we told you how New Mexico is raking in a massive $1.2 billion budget surplus thanks to increased oil production, and that politicians were working to use a major chunk of that change to support infrastructure. Fortunately, that’s not the only good news for New Mexico. New reports detail how local schools are poised to receive millions from the state leasing out areas of the Permian Basin…

As we pointed out last week, New Mexico’s economy is roaring, thanks to the booming energy industry. The Albuquerque Journal notes that “due primarily to a steady increase in oil production levels, New Mexico is on track to end the current budget year in June with a more than $1.2 billion budget surplus.” That’s a massive amount for a state of little more than two million people, and politicians are already debating how to spend the influx of cash, with some advocating for major investments in infrastructure. But one left-wing voice, Sen. Antionette Sedillo Lopez, is calling for putting a stop to…

The energy industry in New Mexico is booming, and it’s causing lawmakers to wrestle with the best kind of problem a state could have – what to do with a budget surplus. The Albuquerque Journal reports that “due primarily to a steady increase in oil production levels, New Mexico is on track to end the current budget year in June with a more than $1.2 billion budget surplus.” That’s a massive amount for a state of more than two million people, and it could mean major cash for a priority that states often pay lip service to, but never adequately fund –…

The oil and gas industry is creating countless jobs and pouring millions in tax dollars into New Mexico’s schools, roads, and police and fire departments. In fact, New Mexico has the best job and wages gains of any state in the nation since Trump took office, and local officials credit that largely to the oil and gas industry. With all that growth, you’d think folks on both sides of the aisle could be celebrating, right? Wrong. Turns out the fringe environmental left is up in arms about New Mexico’s thriving energy industry. They are working to stop oil and gas…

The Permian Basin is a lottery ticket, and New Mexico is starting to cash in.  Not only have we seen towns in the southeast corner of the state grow in population and in wealth, but the local government coffers have surpluses which they are dedicating to infrastructure, pay raises, and increased social programs. Overall, the state’s budget found an additional $1.2 billion (yes, billion with a B), something we covered here. Today Forbes tells us how successful the recent BLM land leases were for the state: an additional $1 billion in sales, half of which goes straight to the state’s budgets. That’s just the leases: once the…

As America’s energy industry continues to grow through both increased technological advances and a more friendly regulatory environment, New Mexico has also seen its fair share of growth.  We celebrated the news last week that the New Mexican treasure acknowledged an additional $1.2billion in tax revenue which will help grow in infrastructure and educational investments.  This is a great testament to the thousands of men and women working across the state. But not all New Mexico is winning.  We also highlight the city of Farmington and its almost decade-long decline in prosperity and population.  As towns in the southeast like Artesia and Roswell and…