Eddy County's financial health is on the rise, as revealed in the July 2025 revenue report presented at the recent commission meeting. The county reported a robust gross receipts collection of $6.4 million for July, marking an impressive 8% increase compared to the same month last year.

Oil and gas revenues were particularly noteworthy, with the county bringing in $6.7 million from production equipment and royalties. This revenue stems from a staggering production of over 27.7 million barrels of oil, averaging $58.69 per barrel, alongside more than 172.2 million units of gas at an average price of $2.84. These figures indicate that the county is significantly exceeding its fiscal year budget, which anticipated 22 million barrels of oil and 125 million units of gas.

During the meeting, commissioners also reviewed the budget versus actuals for July, revealing total county revenue of $74.9 million, with expenses nearing $62 million. The general fund showed a revenue of approximately $15.4 million, with expenses at about $59.9 million, indicating that the county is operating well below its expected expenditure rate.

The commission unanimously approved the financial reports, signaling confidence in the county's fiscal management and growth trajectory. As Eddy County continues to capitalize on its oil and gas resources, stakeholders can anticipate a positive outlook for future revenues and budgetary health.