The Permian Basin of west Texas and southeast New Mexico is seeing an exploration renaissance, according to Oilprice.com.» Read More
LOS ANGELES— Five states are on the short list for a $5 billion factory that Tesla Motors plans to build so it can crank out batteries for a new generation of electric cars. The package of economic incentives that each state offers will help determine where Tesla builds the factory— Nevada, California, Texas, Arizona or New Mexico.
LOS ANGELES— From the start, little has been typical about Tesla Motors' plan for a $5 billion factory to make batteries for a new generation of electric cars. This spring, Tesla CEO Elon Musk announced that Tesla would take the extremely unusual step of spending millions to prepare sites in two states— or perhaps even three— before the finalist was chosen.
The repeal movement drew support from tea party groups, but Senate President Pro Tem Del Marsh, a Republican, blocked the bills with the support of one of the state's most powerful business groups, the Business Council of Alabama.
Of the major oil- and gas-producing states, Texas gained 12 rigs, Pennsylvania gained five, Oklahoma gained four and Colorado and Alaska each gained one. Kansas lost three rigs and Arkansas, Ohio and West Virginia each lost one. California, Louisiana, New Mexico, North Dakota, Utah and Wyoming were unchanged.
ALBUQUERQUE, N.M.— The state's largest electric utility is underestimating the costs that will be passed on to customers under a proposal to shut down part of an aging coal-fired power plant in northwestern New Mexico, according to a regulatory filing made Friday by advocates of renewable energy.
LAS VEGAS— A top federal water administrator said Friday that several myths stand in the way of broad agreements needed to deal with increasing demand for water in the drought-stricken and over-allocated Colorado River basin.
NEW YORK— Chelsea Clinton said Friday she is quitting her job as a reporter at NBC News, citing increased work at the Clinton Foundation and the imminent birth of her first child. Politico magazine reported earlier this year that NBC was paying her $600,000 a year. "I am grateful NBC gave me the opportunity to continue this important legacy."
-Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential information. Schwab accused Morgan Stanley of maliciously organizing an "actionable raid" of the branch.
TRUCKEE, Calif.— Tesla Motors Inc. is building a supercharger station in the Sierra Nevada north of Lake Tahoe where drivers of the company's electric cars can recharge for free along Interstate 80, a newspaper says.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell 17 this week to 1,896.. Of the major oil- and gas-producing states, Kansas gained two rigs while Arkansas, Louisiana, West Virginia and Wyoming each rose by one.
LUBBOCK, Texas— Depleted uranium from federal energy facilities can be buried at a nuclear-waste dumping site in West Texas, state regulators decided Wednesday.
NEW YORK, Aug 6- New England power generators need to lock into more natural gas pipeline capacity to avoid a supply squeeze and record prices seen last winter, Spectra Energy Corp's chief executive officer said on Wednesday.
Aug 6- U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects higher margins from turning crude oil into other fuels and asphalt in the current quarter. The operator of refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah has typically benefited from easy access to cheap U.S. shale crude.
Aug 6- U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier, which operates refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah, usually benefits from access to cheap U.S. shale crude.
Farm real estate values, which includes land and buildings, averaged $2,950 per acre in 2014, up 8.1 percent from 2013, the USDA said in its annual report based on surveys of 11,000 land parcels and taken during the first two weeks of June.
Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.
July 28- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co..
July 28- Tyson Foods Inc, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's Pilgrim's Pride for $575 million.
Tyson outbid Pilgrim's Pride Corp with its $63 per share offer for Hillshire, valuing the Jimmy Dean sausages maker at $8.55 billion. The Cherokee plant will close on Sep. 27, while the Buffalo and Santa Teresa plants are expected to stop operating in the first half of 2015, the company said.
The Cherokee, Iowa, plant will close on Sep. 27, while the Buffalo, New York, and Santa Teresa, New Mexico plants are expected to cease operations in the first half of 2015, the company said.