Top News & Analysis New Mexico

  • SUNLAND PARK, N.M./ TAOS, N.M., April 23- A group of armed civilians who have been stopping migrants illegally crossing the U.S.- Mexico border honored a request to leave their camp in New Mexico on Tuesday and appeared to be heading home, the local police chief said. On Monday, their leader Larry Hopkins appeared in court in Las Cruces, New Mexico, to face firearms...

  • SUNLAND PARK, N.M./ TAOS, N.M., April 23- A group of armed civilians who have posted videos online showing them stopping migrants who illegally crossed the U.S.- Mexico border have been told by Union Pacific Railroad to move their New Mexico camp in 30 minutes, the local police chief said. Union Pacific said on Tuesday in a statement that the group, the United...

  • April 23- Oil and gas producer Apache Corp said on Tuesday it temporarily halted production at its Alpine High assets in the Permian basin late March, curtailing output of about 250 million cubic feet of natural gas per day because of extremely low prices. Natural gas prices in the basin, spread across west Texas and New Mexico, traded in negative territory for...

  • April 17- Carl's Jr will become the first fast food chain to sell a CBD-infused hamburger when its "Rocky Mountain High Cheeseburger Delight" goes on sale in Denver on Saturday, the company said. The Tennessee- based chain is selling the burger for just one day at one location in northeast Denver as part of its strategy to test out "bold and unexpected" flavors, the...

  • NEW YORK, April 15- U.S. crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day in May to a record 8.46 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday. The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected...

  • HOUSTON, April 9- Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns. Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, and Laredo Petroleum Inc another Permian producer, this week...

  • March 26- Missouri farmer Richard Oswald needs a lot of help to recover from flooding that left his home and farm looking like a manmade island in an inland sea. Relief groups are giving tetanus shots and handing out free meals and cleaning supplies near his farm in the Langdon- Rock Port area, about 100 miles northwest of Kansas City. "The typical response on flood...

  • Sen. Tom Udall (D-NM)

    Udall's announcement creates uncertainty about a Democratic seat in the Senate, in which Democrats are already in the minority.

  • VALLEY, Neb., March 20- A string of small Missouri towns prepared for the next deluge along the raging Missouri River on Wednesday after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and melting snow has already inundated a large...

  • VALLEY, Neb., March 20- A string of small Missouri towns on Wednesday prepared for the next deluge along the snow-melt-swollen Missouri River after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and swiftly melting snow this week has...

  • Workers at its Remuda lease near Carlsbad- part of a staff of 5,000 spread across New Mexico and Texas- are drilling wells, operating fleets of hydraulic pumps and digging trenches for pipelines. The sprawling site reflects the massive commitment to the Permian Basin by oil majors, who have spent an estimated $10 billion buying acreage in the top U.S. shale field...

  • *Ability to load supertankers at Corpus Christi. NEW YORK/ HOUSTON, March 11- Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. In 2017, Occidental was the largest exporter from the U.S. Gulf Coast of crude produced in the Permian...

  • *Ability to load supertankers at Corpus Christi. NEW YORK/ HOUSTON, March 11- Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. In 2017, Occidental was the largest exporter of crude produced in the Permian oilfield of Texas and New...

  • March 8- U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months as independent producers follow through on plans to cut spending even though oil majors plan to spend more. Drillers cut nine oil rigs in the week to March 8, bringing the total count down to 834, the lowest since May, General Electric Co's...

  • *Exxon to bump spending to $33- $35 bln in coming year. NEW YORK, March 6- Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company's shares fell after he laid out a strategy to "lean in" while the rest of the industry cuts back. Exxon shares were down $1.33 apiece in mid-day trading at $78.86.

  • *Chevron, Exxon Mobil raise Permian Basin output forecasts. Brent crude futures fell 12 cents, or 0.2 percent, to $65.74 a barrel by 1:40 p.m. EST. "A big rebound in U.S. crude oil imports, combined with a drop in exports led to the large increase in domestic inventories," said David Thompson, executive vice president at Powerhouse, an energy-specialized commodities...

  • Exxon shares fell 1.9 percent in early morning trading to $78.43 after Chief Executive Officer Darren Woods defended Exxon's plan to spend $33 billion to $35 billion next year, up 10 to 17 percent from $30 billion this year. "With investors increasingly pressuring energy companies to return cash to shareholders, it is no surprise that the higher capital budget...

  • *Chevron, Exxon Mobil raise Permian Basin output forecasts. SINGAPORE/ LONDON, March 6- Oil prices eased on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC- led production cuts. "Crude oil futures continue to demonstrate whippy trades as markets balance between OPEC- led cuts and the effects...

  • *Chevron, Exxon Mobil raise Permian Basin output forecasts. SINGAPORE/ LONDON, March 6- Oil prices eased on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC- led production cuts. "Crude oil futures continue to demonstrate whippy trades as markets balance between OPEC- led cuts and the effects...

  • *Market eyes U.S.- China trade talks. SYDNEY/ SEOUL, March 6- Oil prices fell nearly 1 percent on Wednesday as bullish output forecasts by two big U.S. producers and a build in U.S. crude stockpiles outweighed ongoing OPEC- led efforts to rein in crude production. International Brent futures 55 cents, or 0.8 percent, at $65.31 a barrel at 0209 GMT.