Energy producing states brace for lower tax revenue from the plummeting price of natural gas,...

|By:, SA News Editor

Energy producing states brace for lower tax revenue from the plummeting price of natural gas, which is just above half of what some states forecast when they put together budgets for 2013 and beyond. Case in point: New Mexico, which gets one of every six dollars from oil and gas taxes, loses $82M annually for every $1 drop in the price of natural gas.