SANTA FE, N.M. (AP) - A nonprofit alliance of energy companies has spent $80,000 on a grant writer to help New Mexico’s Transportation Department pursue federal grants.
The partnership is an alliance of energy companies that operate in the Permian Basin that straddles the Texas-New Mexico state line. It has pledged to invest in community development projects Texas and New Mexico.
Surging oil and natural gas production in the Permian Basin has produced a windfall of income for New Mexico state government. Lawmakers are attempting to diversify the state economy with financial incentives for film production, outdoor recreation and renewable energy.
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