Solar Southwest > New Mexico

Resources Market Infrastructure Policy

Resources: A measure of total energy production and consumption per capita

Market: The cost of consumption, measured in electricity prices and gasoline taxes

Infrastructure: Capacity to generate and refine energy sources; miles of pipelines

10th Resources
23rd Market
24th Infrastructure

New Mexico is the fourth-largest net supplier of energy to the nation—largely thanks to its petroleum and natural gas production

New Mexico contributes between three and four of every 100 barrels of oil produced nationwide. The state's output has filled existing pipelines, and some producers are turning to railroads to transport crude oil.

New Mexico's San Juan Basin contains one of the largest proven natural gas reserves in the United States.

state-new-mexico

Production trillion btu

494
Oil
1374
Gas
409
Coal
8
Wind
11.48
Solar
1
Hydro
3
Biofuel
0
Nuclear

net energy Production trillion btu

1,489
+2,300 Produced
811 Consumed

Consumption trillion btu

254
Oil
251
Gas
263
Coal
43
Renewable
0
Nuclear

Gasoline Tax total state + federal, 2014

NM
$0.37
USA
$0.46

Key Policies

  • Requires that 20% of all electricity sold by investor-owned electric utilities, and 10% sold by cooperatives, come from renewable energy resources by 2020.

  • Requires the use of oxygenated motor gasoline in the winter to reduce carbon monoxide emissions in the Albuquerque metropolitan area.

  • Requires permits and surety for oil and gas well drilling. There are no permit fees. Compliance bonds depend on the well's depth and location, but begin at $5,000 plus $1 per foot.

Electricity net production, trillion btu

+123
13.08¢
NM
8.81¢
USA