Top News & Analysis New Mexico

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • WASHINGTON, Sept 20- The United States could alleviate growing stockpiles of nuclear waste at U.S. power plants by allowing private companies to dispose of it and foster support for new nuclear projects, U.S. The U.S. government spent billions of dollars on the Yucca Mountain project in Nevada that was supposed to store nuclear waste permanently underground,...

  • LAS VEGAS— Officials from 21 states sued the U.S. Department of Labor Tuesday over a new rule that would make about 4 million higher-earning workers eligible for overtime pay, slamming the measure as inappropriate federal overreach by the Obama Administration. Nevada Attorney General Adam Laxalt, a Republican, filed the lawsuit in U.S. District Court in...

  • In a statement, Whole Foods said there was no allegation or finding by the EPA that it improperly disposed of hazardous wastes, but that it addressed "record keeping" with regard to hazardous waste in its stores. A copy of the settlement agreement said the EPA concluded that Whole Foods "failed to make a sufficient hazardous waste determination."

  • Sept 16- U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad. RIG-OL-USA- BHI> The oil rig count plunged from a record high of 1,609 in October 2014 to a low of 316 in May...

  • She joins Standing Rock Sioux members who have been here since April, people from other tribes and non-tribal members from as far away as Asia and Europe who've vowed to stay as long as it takes to block the four-state, $3.8 billion pipeline's construction. But given North Dakota's brutally cold winters, people will need more than the campfires warming them...

  • Arpaio denies the claims and is easily capable of striking back with a formidable $2.9 million still available for campaign spending ahead of the Nov. 8 vote, dwarfing the total $326,000 raised by his challenger, Democrat Paul Penzone, a former Phoenix police sergeant who lost to Arpaio by 6 percentage points in 2012.. Over the last year, Soros contributed $3.9...

  • ALBUQUERQUE, N.M.— The Latest on Facebook's decision to build a new data center in New Mexico:. Following news Wednesday that the company chose a New Mexico location instead, Salt Lake County Mayor Ben McAdams said he welcomes economic development, but the relatively few jobs on the table weren't worth the public subsidies. The social media giant on Wednesday...

  • News of the social media giant's decision to build in Los Lunas, just south of Albuquerque, comes after a roller-coaster contest between New Mexico and Utah to attract the facility. "This is huge for the state of New Mexico, for the region, for the whole Southwest. New Mexico wasn't on the radar before that August 2015 meeting.

  • U.S. crude futures were on course to rise about 4 percent this week on hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets. On Friday, U.S. crude was trading at above $46 a barrel, close to the $50- mark that...

  • WASHINGTON, Sept 8- The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Initial claims for state unemployment benefits decreased 4,000 to a seasonally adjusted 259,000 for the week ended Sept. 3, the lowest level since mid-July, the Labor...

  • Initial claims for state unemployment benefits decreased 4,000 to a seasonally adjusted 259,000 for the week ended Sept. 3, the lowest level since mid-July, the Labor Department said on Thursday. A Labor Department analyst said there were no special factors influencing last week's claims data. However, claims for Virginia, New Mexico, Alabama and Minnesota, as...

  • Apache said it held more than 300,000 acres in the field it calls " Alpine High", most of the acreage being in Reeves County, Texas. "We are incredibly excited about the Alpine High play and its large inventory of repeatable, high-value drilling opportunities," Chief Executive John Christmann said in a statement. Houston- based Apache has operations in the Permian...

  • pumpjack, oil

    EOG Resources said it would buy Yates Petroleum for $2.5 billion, the latest move by a U.S. energy firm to acquire acreage in the Permian Basin.

  • Sept 6- EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp for $2.5 billion in stock and cash, in the latest move by a U.S. energy company to acquire acreage in the Permian Basin, one of the country's most cost-effective oil fields. EOG's shares rose more than 6 percent to $94.40 early Tuesday afternoon as analysts said the deal was...

  • Oil and gas companies, encouraged by an uptick in oil prices, have been buying up acreage in the Permian Basin in west Texas and eastern New Mexico- the nation's largest shale oil play- as the region is considered among the most cost-effective and most viable to drill. EOG will issue 26.06 million shares valued at $2.3 billion and pay $37 million in cash in exchange...

  • Sept 6- EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp and some of its subsidiaries and other entities in a deal valued at $2.5 billion to boost its assets in the Permian and Powder River basins. Oil and gas companies, encouraged by an uptick in oil prices, have been buying up acreage in the Permian Basin in west Texas and eastern...

  • Aug 31- Large U.S. shale oil companies, flush with cash raised through stock offerings, are gobbling up properties in the Permian Basin straddling Texas and New Mexico, a trend that could boost U.S. oil output in the second half of 2017.. Hess Corp and Devon Energy Corp are among oil and gas companies that tapped the equity market in the first eight months of the year,...

  • SpaceX’s Falcon 9 rocket taking off to deliver the JCSAT-16 communications satellite to space.

    CNBC's Jane Wells reports from Spaceport America in New Mexico about the future of privately funded space travel and exploration.

  • A 12,000 foot runway at Spaceport America.

    A $220 million, taxpayer-funded spaceport in New Mexico hopes to be home to big-time commercial space launches. Right now, it's pretty quiet.