The latest drought monitor, out this morning, pretty much wipes out drought conditions completely across much of New Mexico:

In New Mexico, D1 and D0 conditions were reduced over much of the state. A large area free of drought designation exists in central New Mexico and a new drought-free area was introduced in northeast New Mexico. After a dry start to the year, many locations in New Mexico are at or above normal for the year, and flooding concerns across the state have superseded drought concerns. In Arizona, the wet pattern has allowed for many hydrological issues to improve and is shown in the current drought status.

We’ve still got reservoir shortfalls, so I wouldnt’ really say the drought’s over. But we’re in much, much better shape than we were two months ago when all of this started.