Annual Report 3 - New Mexico - Energy, Minerals and Natural ...
Annual Report 3 - New Mexico - Energy, Minerals and Natural ...
Annual Report 3 - New Mexico - Energy, Minerals and Natural ...
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FY 2010 State General Fund Revenue from Oil <strong>and</strong> Gas Sales<br />
Federal Mineral<br />
Leasing Royalties<br />
45%<br />
State L<strong>and</strong> Office<br />
Rents, Bonuses, etc.<br />
8%<br />
ANNUAL REPORT 2010<br />
<strong>Natural</strong> Gas<br />
Processors Tax<br />
5%<br />
Oil <strong>and</strong> Gas<br />
Emergency School<br />
Tax<br />
40%<br />
Oil <strong>and</strong> Gas<br />
Conservation Tax<br />
2%<br />
Figure 1<br />
Oil <strong>and</strong> Gas Prices vs. Rig Count<br />
Price Rigs<br />
$90<br />
$80<br />
$70<br />
$60<br />
$50<br />
$40<br />
$30<br />
$20<br />
$10<br />
$0<br />
Avg Gas Price (mcf) Henry Hub Avg Oil Price (bbls) Average Rig Count<br />
80<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
Figure 2<br />
105
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