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Top News & Analysis New Mexico

  • 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...

  • 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...

  • 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.

  • A man urges fellow demonstrators to calm down as they vandalize the Government Palace during a protest against the rising prices of gasoline, at the Macroplaza in Monterrey, Mexico, January 5, 2017.

    Protests fueled by anger over price hikes have led to four deaths, the ransacking of at least 300 stores and the arrests of more than 700 people.

  • Jan 3- U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million. SM Energy has been trying to boost its presence in the Permian basin in west Texas and eastern New Mexico, while divesting assets elsewhere. The company said in October it would buy 35,700 net acres in west...

  • Hillary Clinton speaks as Donald Trump looks on during the town hall presidential debate at Washington University on October 9, 2016 in St Louis, Missouri.

    Mostly Democratic lawmakers want their states to join a 10-year-old movement to work around the Electoral College.

  • CHICAGO, Dec 23- Peabody Energy Corp failed to explain how it will cover future mine cleanup costs in a reorganization plan filed late Thursday, triggering concerns over the company's use of "self-bonds." Howard Learner, executive director of the Chicago- based Environmental Law& Policy Center, said the reorganization plan dodged the issue of self-bonding,...

  • Dec 23- The United States' only permanent nuclear waste disposal site got the go-ahead on Friday to resume operations nearly three years after a radiation leak shut down the New Mexico facility. The U.S. Department of Energy said in a statement that disposal of nuclear waste at the site near Carlsbad could begin again as early as next month, following two safety...

  • Under New Mexico regulations, healthcare facilities must report a suspected outbreak of C. difficile to the state Health Department within 24 hours. But Casa Maria staff did not contact authorities until March 4, 2014, according to the Health Department report on its investigation of the outbreak, a copy of which was obtained by Reuters. When a Health...

  • RIG-OL-USA- BHI> Since crude prices briefly recovered from 13- year lows to around $50 a barrel in May, drillers have added oil rigs in 26 of the past 29 weeks for a total of 194, the biggest recovery in rigs since a global oil glut crushed the market over two years. Almost two-thirds of the rigs added since May, or 121, were in the Permian basin, the nation's biggest...

  • The unit, whose onshore operations span five states- Colorado, New Mexico, Oklahoma, Texas and Wyoming- and seven oil and gas basins, has average daily net production of about 300,000 barrels of oil equivalent. Denver is a logical- and strategic- place for us to be and a natural fit for our business, " BP Lower 48 Chief Executive David Lawler said. A number of employees from...

  • RIG-OL-USA- BHI> Since crude prices briefly recovered from 13- year lows to around $50 a barrel in May, drillers have added a total of 182 oil rigs in 25 of the past 28 weeks, its biggest recovery since a global oil glut crushed the market over two years. The Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude...

  • LOS ANGELES/ CHICAGO, Nov 29- Scores of demonstrators were arrested on Tuesday as U.S. workers from fast-food chains staged nationwide protests for higher pay, union rights and immigration reform in their first major action since Donald Trump was elected president. McDonald's Corp restaurants in 340 cities were prime rally targets, while baggage handlers,...

  • McDonald's Corp restaurants in 340 cities were prime rally targets, while baggage handlers and cabin cleaners at Chicago's O'Hare and Boston's Logan international airports were due to demonstrate in support of workers demanding starting pay of $15 per hour, organizers of the "Fight for $15" campaign said. More than 200 protesters gathered before dawn at...

  • McDonald's Corp restaurants in 340 cities are prime rally targets, while baggage handlers and cabin cleaners at Chicago's O'Hare and Boston's Logan international airports were to demonstrate in support of workers demanding starting pay of $15 per hour, organizers of the "Fight for $15" campaign said. More than 200 protesters held a pre-dawn rally in New York...

  • Nov 18- U.S. oil companies added 19 drilling rigs this week, the biggest hike since July 2015, as shale producers cautiously redeployed cash amid OPEC's plans to curb production and after Donald Trump's presidential election victory. Almost two-thirds of the rigs added since May, or 92, were in the Permian basin in west Texas and eastern New Mexico, bringing the...