Profile Overview
Quick Facts
- New Mexico is the nation’s second-largest crude oil-producing state, after Texas. In 2023, the state accounted for 14% of total U.S. crude oil production.
- New Mexico is among the top 10 natural gas-producing states and accounts for 7% of the nation’s total natural gas gross withdrawals. The state also has almost 7% of U.S. proved natural gas reserves.
- New Mexico has almost 3% of the nation’s estimated recoverable coal reserves, 10th-largest among the states. The state accounts for about 1% of total U.S. coal production.
- New Mexico ranks seventh in the nation in electricity generation from wind power. About 38% of New Mexico’s total electricity net generation came from wind in 2023, and wind power was more than seven times greater than in 2015.
- New Mexico is 1 of 16 states that produces natural gas from coalbeds. The state is second only to Colorado in coalbed methane production and accounts for one-fourth of the nation’s total.
Last Updated: June 20, 2024