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Top News & Analysis New Mexico

  • NEW YORK, March 13- U.S. shale oil production in April was set for its biggest monthly increase since October as output in the Permian Basin, America's fastest growing shale oil region, was expected to hit another record high, government data showed on Monday. Oil production in the Permian Basin in Texas and New Mexico, the largest U.S. shale oil field, was set to rise...

  • Crude production is expected to reach 9.53 million barrels per day in December 2017, according to the latest forecasts from the U.S. Energy Information Administration. Revisions are concentrated in output from the Lower 48 states, excluding federal waters in the Gulf of Mexico, so they are mostly about shale output, rather than offshore fields and Alaska.

  • WASHINGTON, March 9- President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "...

  • Crude production is expected to reach 9.53 million barrels per day in December 2017, according to the latest forecasts from the U.S. Energy Information Administration. Revisions are concentrated in output from the Lower 48 states, excluding federal waters in the Gulf of Mexico, so they are mostly about shale output, rather than offshore fields and Alaska.

  • Under a deal announced on Monday, Peabody said it had arranged for $1.26 billion in third-party bonds and $14.5 million in a state bond pool in Indiana, one of the states where it held self-bonds, to fully satisfy its financing requirements. It's also another example of how credit markets and banks seem to be more willing to open up their books to coal companies, "...

  • Concerns over how Peabody, the world's largest private-sector coal miner, would finance about $1 billion in self-bonds when it emerges from bankruptcy protection had led a series of complaints over its reorganization plan. Under a deal announced on Monday, Peabody said it had arranged for $1.26 billion in third-party bonds and $14.5 million in a state bond...

  • HOUSTON/ CALGARY, March 3- Doug Lucas stood outside a Houston energy conference early one morning last month handing out resumes and hoping to catch the eye of oil executives with a hand-written sign advertising "Petroleum Eng. Cut from oilfield services firm Halliburton Co in 2015, the 26- year-old temporarily turned to lawn care and cable-TV sales jobs while...

  • The TV streaming service provider, which is owned by Walt Disney Co, Comcast Corp, 21st Century Fox, and Time Warner Inc, will set up a new center in New Mexico or Texas by this fall and will hire 100 representatives this year, bringing its total to 300.. Their owners also have large customer service staffs already handling calls from their traditional pay TV...

  • BOSTON, Feb 27- Fidelity Investments plans to offer voluntary buyouts to employees who are 55 years or older, and who have worked for the Boston- based fund firm at least 10 years, a company executive said on Monday. For instance it recently described plans to lay off 100 employees who work near Dallas, while adding 135 new workers in Albuquerque, New Mexico, according...

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • NOGALES, Arizona, Feb 16- For up to 16 hours a day, tomatoes, peppers, cucumbers and mangoes grown in Mexico flow north through a border checkpoint into Nogales, Arizona, helping to ensure a year-round supply of fresh produce across the United States. Now in office, Trump is considering a 20 percent tax on imports from Mexico, one of several ideas under review in...

  • JUDGE GRANTS COMMONWEALTH OF VIRGINIA REQUEST FOR PRELIMINARY INJUNCTION OVER TRUMP TRAVEL BAN-RULING.

  • NEW YORK, Feb 13- U.S. shale oil production for March is expected to rise by the most in five months to its highest rate since May last year, government data showed on Monday, as energy companies boost drilling on the back of crude prices that are hovering over $50 a barrel. March oil production is forecast to rise by nearly 79,000 barrels per day to 4.87 million bpd,...

  • Feb 9- Wind energy has surpassed hydropower as the biggest source of renewable electricity in the United States following the sector's second-biggest quarter ever for new installations, a wind industry trade group said on Thursday. Wind installations totaled 82,183 megawatts at the end of 2016, enough to power 24 million homes, the American Wind Energy...

  • Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources' Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

    The cost of drilling and fracking wells in the Permian Basin is quickly rising — that's if you can book the crews to do the work.

  • In papers filed in federal court in Albuquerque, New Mexico, the SEC said it would no longer pursue its civil case against former Thornburg CEO Larry Goldstone and former CFO Clarence Simmons, which had been set for a re-trial on Feb. 21. The SEC later in September dropped three remaining claims and said it would no longer pursue what the defense called its central...

  • NEW YORK, Feb 3- The U.S. Securities and Exchange Commission on Friday dropped its case against two former executives at now-defunct home lender Thornburg Mortgage Inc in a lawsuit brought in the wake of the 2008 financial crisis.

  • A falcon flies over the Chisos Basin in the Big Bend National Park in West Texas.

    To build the controversial wall, the federal government would need to seize land from Texas residents, Vox reports.

  • Jan 27- U.S. energy companies this week added oil rigs for a 12th week in the last 13, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut production that has kept crude prices over $50 a barrel since early December. U.S. crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016. U.S. crude futures were trading...