Two Carson City teachers earn National Board certification
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Prioritize effective, diverse teacher workforce
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Oil and gas contributed about $1.37 billion to public education in New Mexico, per a recent study from industry leaders for Fiscal Year 2020 – even as the state and world economy was ravaged by the COVID-19 heath crisis.
In Fiscal Year 2019, oil and gas contributed about $1.36 billion to public education in a year of record-breaking production led by the Permian Basin and a boom in hydraulic fracturing.
The pandemic brought on a slump in fuel demand which caused the value of oil to drop to historic lows, plummeting below $0 per barrel in April for the first time in history.
But even during dire economic times, Ryan Flynn, director of the New Mexico Oil and Gas Association, which commissioned the study with the New Mexico Tax Research Institute, said New Mexico still saw high levels of production which he expected to continue in the coming years as the world recovers from the health crisis.