Alva Review-Courier -

CARLSBAD, N.M. (AP) — A legislative economist has projected that growth in the production of oil and natural gas in southeast New Mexico will continue to drive up revenues for the state.

Economist Dawn Iglesias presented the revenue outlook to members of the state Finance Legislative Committee at a meeting Monday in Carlsbad, the Carlsbad Current-Argus reported .

Iglesias told the state lawmakers that the U.S. could produce up to 11.9 million barrels of crude oil per day by next year with much of it coming from the Delaware and Permian Basins in Texas and New Mexico. The state's bottom line co...