It’s New Mexico it really hasn’t produced much the last 10-15 years other then Breaking Bad and Better Call Saul being based there so no loss
Believe it not, New Mexico is (was) the #4 oil producing state in the USA. In 2019, it was actually pumping more oil than Alaska.
A big section of the west Texas Permian Basin laps over the border into New Mexico.
Almost the entire N.M. field is tight shale and can be pumped only with fracking.
Biden plans to shut down all fracking on federal land, so the New Mexico state budget is in deep trouble.