Top News & Analysis New Mexico

  • Its 2019 capital spending budget is at the high end of an $18 billion to $20 billion per-year range that Chevron executives set earlier this year as the annual target through 2020.. It plans to spend $3.6 billion in the Permian Basin of West Texas and New Mexico and $1.6 billion for other shale regions, or $5.2 billion in total, up from $4.3 billion on such...

  • HOUSTON, Dec 6- Chevron Corp, the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday. The San Ramon, California- based company's spending budget is at the high end of its annual $18 billion to $20 billion range through 2020 that it set earlier this year. Chevron said in a statement that it plans...

  • HOUSTON, Dec 6- Chevron Corp, the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday. The San Ramon, California- based company said it plans to spend $3.6 billion to produce oil and gas in the Permian Basin of west Texas and New Mexico and $1.6 billion for other shale investments.

  • The Denver- based company, which currently produces 60 percent of its power from fossil fuels, said it will slash carbon emissions by 80 percent from 2005 levels by 2030, from a previous target of 60 percent, before going to zero in 2050. The company's ambitions stand in stark contrast to the federal government's pro-coal agenda under President Donald Trump,...

  • NEW YORK, Nov 30- U.S. crude oil output hit a new all-time high of 11.5 million barrels per day in September, the fourth consecutive month of record highs, according to the government on Friday, the latest indicator of a wave of onshore U.S. production that has weighed on global markets. U.S. crude production rose 129,000 bpd in September to 11.475 million bpd, the U.S....

  • Oil and gas producer Cimarex Energy said on Monday it would buy smaller rival Resolute Energy in deal valued at $1.6 billion, including debt.

  • Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, still the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. U.S. crude output from seven major shale basins was expected to rise 113,000 barrels per day to a record 7.9 million bpd in December, driven...

  • The Fargo Theatre is an art deco movie theatre in downtown Fargo, North Dakota. It was built in 1926. It was restored in 1999 to its historic appearance and now is a center for the arts in the Fargo-Moorhead metropolitan area. The building is listed on the National Register of Historic Places.

    These cities "offer long-term financial stability" to the average American family.

  • NEW YORK, Nov 13- U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day in December, according to a monthly government forecast released on Tuesday. The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was...

  • PARADISE, Calif., Nov 10- Crews on Saturday fought two massive, out of control wildfires burning at both ends of California, including a blaze now considered the most destructive in state history and a conflagration menacing the tony beach colony of Malibu. At least nine people were killed in and around the Northern California community of Paradise as the Camp...

  • PARADISE, Calif., Nov 10- Two monster wildfires in California, including the most destructive in state history, burned out of control on Saturday, having already killed at least nine people, destroyed scores of buildings and forced hundreds of thousands to flee their homes. Nine people were found dead in and around the Northern California town of Paradise, where...

  • PARADISE, Calif., Nov 10- Two monster wildfires in California, including the most destructive in state history, burned out of control on Saturday, having already killed at least nine people, destroyed scores of buildings and forced hundreds of thousands to flee their homes. Nine people were found dead in and around the Northern California town of Paradise, where...

  • HOUSTON, Nov 9- Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. These companies are taking advantage of extraordinary markdowns in West Texas where surging production and a lack of pipeline space sent the...

  • Driven by strong winds and dry conditions, the blaze dubbed the Camp Fire swept through the town of Paradise and threatened its 26,000 residents with 50- foot high flames. The town of Chico, population 93,000, could be next in the path of the wildfire, which was forecast to be driven westward overnight by 35- mile-per hour winds, said Butte County Fire Chief Darren...

  • Oil and gas producer Anadarko Petroleum said on Thursday it would sell nearly all of its midstream assets, including pipelines, to its master limited partnership Western Gas Partners for $4.02 billion.

  • HOUSTON, Nov 2- Earnings for the two largest U.S. oil companies on Friday jumped on higher crude prices and the nation's shale boom, joining big oil rivals in posting sharply higher quarterly profit. Exxon Mobil Corp posted a 57- percent increase on prices there were up 44 percent over a year ago helped by a lower tax rate while Chevron Corp's earnings doubled on...

  • The company's third-quarter net income rose 57 percent to $6.24 billion, or $1.46 a share, compared with $3.97 billion, or 93 cents per share a year ago. Royal Dutch Shell posted income of $5.6 billion on Thursday and BP Plc this week reported profit of $3.8 billion. Results benefited in part from a $360- million tax benefit that added about 7 cents a share to...

  • HOUSTON, Oct 31- Oil and gas producer Anadarko Petroleum Corp on Wednesday said it may shift some investment out of Colorado if voters in that state approve a ballot proposal that limits drilling in populated areas. Anadarko could shift focus to properties in the Delaware Basin, which spans West Texas and New Mexico, if Colorado voters on November 6 pass a law...

  • HOUSTON, Oct 30- Oil producer Anadarko Petroleum Corp on Tuesday fell short of third-quarter profit expectations but said its onshore oil sales hit a record and per-barrel margins had improved. The company's oil production volumes in the Delaware Basin, which extends from West Texas to parts of New Mexico, rose to 70,000 barrels per day in the quarter, up 83...

  • HOUSTON, Oct 30- Oil producer Anadarko Petroleum Corp on Tuesday fell short of third-quarter profit expectations as spending rose but said its onshore oil sales hit a record and per-barrel margins had improved. The company's oil production volumes in the Delaware Basin, which extends from West Texas to parts of New Mexico, rose to 70,000 barrels per day in the...