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State revenues from oil and gas production in New Mexico set a new record last year at more than $3 billion, helping to fund investments in education, public services, and infrastructure throughout the state.
Colorado Governor Jared Polis told the state’s oil and gas community he doesn’t expect any more major legislation or statewide ballot measures in the foreseeable future, crediting his work in implementing what he refers to as the most aggressive regulatory overhaul in the state in the past 60 years. But Polis also went to great length to disassociate any potential economic fallout from his legislative accomplishments this year.
Oil and gas production was the driving force behind a record revenue haul in the fiscal year that just ended in New Mexico, says the State Land Office. Education and economic development officials applauded the news as the industry continues to provide a steady revenue stream for public services and new job growth.