State energy officials say the downturn in the oil and gas industry could cost New Mexico around 2,000 jobs.
New Mexico Energy, Minerals and Natural Resources Secretary David Martin spoke Tuesday at an energy conference in Farmington. He says the number of drill rigs operating in the state has dropped from 85 to 60 over the past year.
Martin says the state hasn't seen a decrease in production but activity is expected to level off and lead to fewer jobs and revenue in the coming months.
Industry leaders say they're finding ways to make operations more efficient.
The head of BP's onshore business says the company has no plans to sell its assets in the San Juan Basin, which includes thousands of operating and idle natural gas wells.
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