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Top News & Analysis New Mexico

  • Houston oilfield services company Baker Hughes Inc. said Friday that 688 rigs sought oil and 167 explored for natural gas this week. Texas added six rigs and Alaska, Colorado, North Dakota, Pennsylvania and Wyoming each gained one. Arkansas, California, Kansas, Louisiana, New Mexico, Ohio, Utah and West Virginia were unchanged.

  • Unemployment rates fell in 17 states in March and were mostly unchanged in 33, the Labor Department said Friday. Arkansas, Colorado, Maine and Oregon reported the lowest unemployment rates since 1976. Colorado's rate, at 2.6 percent, was the nation's lowest. Several other states are benefiting from low unemployment rates: The rate is 2.7 percent in Hawaii and...

  • WASHINGTON, April 18- The U.S. Supreme Court, in a case with wide consequences for the policing of Wall Street, indicated on Tuesday it may diminish the Securities and Exchange Commission's ability to get back ill-gotten profits reaped through defendants' misconduct. The court's conservative wing peppered the government during a one-hour argument with...

  • Credit rating agency Standard& Poor's Global Ratings on Tuesday predicted a turnaround in economic output for New Mexico in the near term, pointing to more growth in the oil and mining sectors in 2017.. The value of land in the Permian Basin, which includes stretches along the Texas- New Mexico border, also has increased rapidly because of the continued interest.

  • The federal appeals court in Denver ruled that Kokesh must pay the full amount to the SEC. Lawyers for Kokesh say the five-year window should reduce his payment to just $5 million because the SEC did not bring charges against him until 2009.. The SEC argues the time limit doesn't apply because it's not assessing a penalty, only trying to recover illicit profits.

  • WASHINGTON, April 18- Conservative U.S. Supreme Court justices raised concerns on Tuesday about whether the Securities and Exchange Commission should be able to order defendants to fork over illegal profits reaped by misconduct that dates back more than five years. The ruling in the case involving New Mexico- based investment adviser Charles Kokesh, due by...

  • The case, which involves New Mexico- based investment adviser Charles Kokesh who was sued by the SEC in 2009, hinges on whether ill-gotten gains, in an agency recovery remedy known as "disgorgement," are subject to a five-year statute of limitations. The SEC already faces a five-year statute of limitations for collecting civil monetary penalties, a time bar that...

  • NEW YORK, April 17- U.S. shale production in May was set for its biggest monthly increase in more than two years, government data showed on Monday, as producers stepped up their drilling activity with oil prices hovering at over $50 a barrel. May output is set to rise by 123,000 barrels per day to 5.19 million bpd, according to the U.S. Energy Information...

  • U.S. residents paid Uncle Sam an average of $8,943 per person in federal income, payroll and estate taxes in 2016.. A look at how the District of Columbia and the states rank in per capita federal taxes:. 1. District of Columbia: $36.569.

  • Washington, that swampy den of iniquity that politicians love to scorn, sends the most tax dollars per person to the U.S. government. Washington is an outlier because, despite years of lobbying, it is not a state. West Virginia, Mississippi and New Mexico have low median household incomes, which helps explain why they their residents pay far less in federal taxes.

  • ALBUQUERQUE, N.M.— New Mexico's most populous city has plans to install more than $25 million in solar panels on city buildings over the next two years. The installations in Albuquerque will mark the first phase in fulfilling a recently set goal of generating more of the city's energy from solar power. Albuquerque City Councilors Pat Davis and Isaac Benton made...

  • Washington, that swampy den of iniquity that politicians love to scorn, sends the most tax dollars per person to the U.S. government. Washington is an outlier because, despite years of lobbying, it is not a state. West Virginia, Mississippi and New Mexico have low median household incomes, which helps explain why they their residents pay far less in federal taxes.

  • "I'm trying to hire two experienced drone technicians at $20 an hour and I can't find anybody," said James Barnes, who founded the New Jersey Drone Academy. " Northland Community and Technical College in northwestern Minnesota has been teaching unmanned aircraft maintenance for larger military-type drones. "The reality is, the people coming out of the trade...

  • Houston oilfield services company Baker Hughes Inc. said Thursday that 683 rigs sought oil and 162 explored for natural gas this week. New Mexico added seven rigs, Oklahoma gained three, Texas increased by two, and California, North Dakota and Ohio each gained one. Arkansas, Colorado, Kansas, Pennsylvania, Utah, West Virginia, and Wyoming were all unchanged.

  • April 13- ConocoPhillips, the largest U.S. independent oil producer, said on Thursday it would sell natural gas-heavy assets in San Juan basin to privately held Hilcorp Energy Co for about $3 billion. The assets, which span New Mexico and Southwestern Colorado, produced 124,000 barrels of oil equivalent per day, about 80 percent of which was natural gas,...

  • April 13- ConocoPhillips said on Thursday it would sell natural gas-heavy assets in San Juan basin, spanning New Mexico and Southwestern Colorado, to an affiliate of privately held Hilcorp Energy Co for about $3 billion. Conoco will receive $2.7 billion in cash. The deal also includes a contingent payment of up to $300 million.

  • DENVER— A ski resort company that stretches from Quebec to Colorado was purchased Monday by the Aspen Skiing Co., setting up seismic changes in a sector with few multistate ski operators. Aspen Skiing Co. is partnering with Denver- based KSL Capital Partners to acquire Intrawest Resorts Holdings for about $1.5 billion, including debt, Aspen Skiing said in a...

  • Drillers added 10 oil rigs in the week to April 7, bringing the total count up to 672, the most since August 2015, energy. More than half of the rigs added since the recovery started in June after crude prices first topped $50 a barrel, were in the Permian basin, the nation's biggest shale oil formation located in west Texas and eastern New Mexico.

  • New York Attorney General Eric Schneiderman

    A coalition of 17 U.S. states filed a legal challenge against efforts by President Donald Trump's administration to roll back climate change regulations.

  • "The law is clear: the EPA must limit carbon pollution from power plants," New York Attorney General Eric Schneiderman said in a statement announcing the challenge. Shortly after, EPA filed a legal motion asking the U.S. Court of Appeals for the District of Columbia Circuit to delay ongoing court proceedings on the regulation to allow for the review.