NEW MEXICO CAN EXPECT AT LEAST 2-THOUSAND JOB LOSSES OVER THE NEXT FEW MONTHS DUE TO LOW CRUDE OIL PRICES. THAT’S THE ASSESSMENT OF THE STATE ENERGY, MINERALS AND NATURAL RESOURCES DEPARTMENT. THE NUMBER OF OIL RIGS OPERATING IN NEW MEXICO HAS DECLINED SHARPLY IN THE PAST YEAR.
EACH RIG REPRESENTS 50 JOBS. AND WHEN INDIRECT EMPLOYMENT IS CALCULATED, THAT NUMBER RISES TO MORE THAN 100.
