Drilling Oil and Gas Wells in New Mexico
Revenue benchmarks for drilling oil and gas wells businesses operating in New Mexico.
#13 of 50 states-40.9% vs national avg
Average Revenue
$11.7M
per year
Businesses
44
in New Mexico
Revenue / Employee
$502K
per year
Labor Cost
15.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
2.1
firms per 100K in NM
Total Revenue
$515.2M
all firms in NM
Total Employees
1,026
in NM
How New Mexico Compares
National Average$19.8M
New Mexico$11.7M
Difference$8.1M (-40.9%)