Top News & Analysis New Mexico

  • New Mexico is suing Japanese manufacturer Takata and a long list of automakers in connection with the sale of cars with dangerous air bag inflators. Attorney Hector Balderas' office filed the lawsuit Friday afternoon in state district court, saying the manufacturers had a duty to ensure their products were safe and that concealment of air bag defects...

  • Texas jumped by 17 rigs, Oklahoma increased by seven, North Dakota was up three and Ohio two. New Mexico, Pennsylvania, Utah and West Virginia increased one apiece. Alaska, Arkansas, California, Colorado, Kansas, Louisiana and Wyoming were all unchanged.

  • Jan 20- U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices over $50 a barrel since early December. Almost two-thirds of the rigs added since May were in the Permian basin, the nation's biggest shale oil formation located...

  • ALBUQUERQUE, N.M.— New Mexico Attorney General Hector Balderas has announced a lawsuit against Japanese manufacturer Takata and a long list of automakers in connection with the sale of cars with dangerous air bag inflators. The attorney general's office argues in a lawsuit being filed Friday that the manufacturers had a duty to ensure their products were...

  • IRVING, Texas— Oil and gas giant Exxon Mobil Corp. is buying the Bass family's Permian Basin holdings in a more than $6 billion stock and cash deal. Exxon Mobil, based in Irving, Texas, announced the agreement in a statement Tuesday. It says the deal for 275,000 acres of leasehold will more than double Exxon Mobil's Permian Basin resources to 6 billion barrels of oil...

  • **Exxon Mobil Corp said it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. **Germany's Lufthansa is not in talks about Etihad Airways taking a stake in the German airline, two sources familiar with the matter said on Tuesday, denying an Italian newspaper report that said it...

  • NEW YORK, Jan 17- U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18- month highs. In the Permian Basin in West Texas and eastern New Mexico, output is set to rise by 53,000 bpd to 2.180 million bpd, the data showed. U.S. crude futures were...

  • NEW YORK, Jan 17- U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18- month highs, according to data from the U.S. Energy Information Administration on Tuesday. Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million...

  • A worker prepares to lift drills by pulley to the main floor of a drilling rig in the Permian basin.

    The deal is the largest oil and gas acquisition in the United States since oil prices crashed in November 2014.

  • MIDLAND, Texas, Jan 17- Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas. Most of the wells to be drilled...

  • Jan 17- Exxon Mobil Corp said on Tuesday it would buy companies owned by the Bass family of Texas in a deal worth up to $6.6 billion that would boost it presence in the Permian Basin, one of the country's most cost-effective oil fields. An uptick in oil prices has been encouraging healthier energy companies to buy up assets- especially in the Permian Basin, which...

  • LONDON, Jan 17- U.S. petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion. U.S. oil output was essentially flat between July and October 2016, after sliding between April 2015 and June 2016. More than half of all the new rigs have been added in the Permian...

  • The court will hear an appeal filed by investment adviser Charles Kokesh, who the SEC sued in 2009 for allegedly misappropriating money from several business-development company funds to pay for expenses such as salaries and bonuses. The case hinges on whether the SEC has time limits on seeking disgorgement of ill-gotten gains, a remedy the regulator often...

  • WASHINGTON— The Supreme Court will decide whether venture capitalist Charles Kokesh has to return millions in investor dollars he used to pay himself and other advisers. The justices said Friday they will review lower court rulings that said Kokesh must pay the Securities and Exchange Commission $34.9 million in "ill-gotten gains" taken before his...

  • The Supreme Court in Washington.

    Supreme Court to hear case that has the potential to limit the SEC's powers to recover illegal profits reaped by fraud or other wrongdoing.

  • The court will hear an appeal filed by investment adviser Charles Kokesh, who was sued by the SEC in 2009 for allegedly misappropriating money from several business-development company funds to pay for expenses such as salaries and bonuses. The SEC currently faces a five-year statute of limitations on collecting civil penalties, a time restriction that the...

  • WASHINGTON, Jan 13- The U.S. Supreme Court agreed on Friday to hear a case involving a New Mexico- based investment adviser that has the potential to limit the Securities and Exchange Commission's powers to recover illegal profits reaped by fraud or other wrongdoing. The court will hear an appeal filed by investment adviser Charles Kokesh, who was sued by the SEC...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 522 rigs sought oil and 136 explored for natural gas this week. Colorado, North Dakota, Ohio and Pennsylvania fell by one each. Alaska, Arkansas, California, Kansas, New Mexico, Utah and West Virginia were all unchanged.

  • Jan 12- Oil and gas producer WPX Energy Inc said it would buy assets in the Delaware basin for $775 million, the latest company to bolster its position in the oil-rich Permian region. The Delaware basin is located in the larger Permian basin, which is located in West Texas and the adjoining area of southeastern New Mexico. WPX is buying the assets from Panther Energy...

  • What does it take to become a border patrol agent?

    CNBC’s Kate Rogers travels to Artesia, New Mexico to train with future agents for the day.