As industry professionals, all of us are well aware of the big-picture benefits of producing oil and gas here at home: a strengthened economy, a lessened dependence on foreign governments.
But there’s more. And it doesn’t just affect us in the here and now– it affects our futures and our children’s futures.
More than a third of New Mexico’s budget is paid for by the oil and gas industry – that’s $2.1 billion in fiscal year 2014. That money goes directly into state coffers and pays for the educations K-12 and college student in the Land of Enchantment.
$2.1 billion. Think about that number for a minute. It’s a big number. And what the oil and gas industry is doing for our state is a big deal.
People in our field are doing a lot of great things for the economy through direct, indirect and induced job creation. But it goes further than that. Through funding education, we are investing in the future not just of New Mexico, but of America.
To see how oil and gas benefits the schools in your area visit www.nmoilandgas.com and click on the county where you live.