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New Mexico

 

  • Energy Indicators

    Retail gasoline and diesel prices continue to decline. Motor gasoline consumption remains in line with historic trends, and distillate fuel consumption dipped significantly in the first half of 2025. Natural gas liquids production continues to grow, as do exports.

  • Agricultural Survey

    Bankers responding to the second-quarter agriculture survey reported mildly improved conditions across most regions of the Eleventh District.

  • Energy Indicators

    Texas solar power generation grew faster compared to other fuel types in 2024, although natural gas and wind generation continue to make up the highest shares of Texas’ electricity grid.

  • Eleventh District banks rely on core business, stay profitable as loan growth softens

    Banks in the Federal Reserve Eleventh District have adapted to rising interest rates, which have discouraged new borrowing and complicated the transition to higher-earning loan portfolios, while credit remains strong as borrowers continue to make payments amidst economic growth.

  • Santa Teresa port of entry navigates future during fraught time

    Jerry Pacheco, president of the Border Industrial Association in Santa Teresa, New Mexico, discusses his work attracting investment from private and public sources for the Santa Teresa project and its prospects in an environment of rapidly changing rules of trade.

  • Energy Indicators

    Energy executives surveyed by the Dallas Fed reported an increase in the price of oil needed to justify drilling, as economic uncertainty and planned production increases from OPEC+ nations pushed oil prices down.

  • Energy Indicators

    U.S. oil and natural gas rig counts declined in the first quarter of 2025 compared with the first quarter of 2024. U.S. days of supply of crude, gasoline and distillate were above the five-year average. U.S. retail fuel prices were down in March along with Brent crude oil. The U.S. producer price index (PPI) for electricity increased.

  • Agricultural Survey

    Bankers responding to the first-quarter survey reported sustained dry conditions across most regions of the Eleventh District.

  • New Mexico fuels U.S. crude oil output, funding for local programs

    New Mexico has become a U.S. leader in energy production over the past five years, drawing on Permian Basin reserves in the southeastern corner of the state. Oil and gas proceeds fund an increasing share of state government, most notably involving education programs.

  • Decline in bank stress likely to continue as interest rates normalize

    While the key measures suggest that conditions that hamper a bank’s resilience to economic adversity are marginally higher than before the pandemic in 2019, we expect further declines in bank stress levels as interest rates normalize.