Top News & Analysis New Mexico

  • BIRMINGHAM, Ala.— Texas- based Diamondback Energy Inc. is acquiring one of Alabama's largest publicly held companies, the Birmingham- based Energen Corp., in a stock deal worth more than $9 billion. The statement says the deal creates a premier company operating in the Permian Basin, which produces oil and natural gas located in west Texas and southeastern New...

  • RENO, Nev.— A federal judge has thrown out a defamation lawsuit a Western art collector filed against a prestigious auction house and the owner of a Reno gallery who claimed an early 20th century cowboy painting he sold for $750,000 was a fake. The judge in Reno dismissed the lawsuit last week against Peter Stremmel Galleries, the Coeur d'Alene Art Auction of...

  • Aug 10- U.S. natural gas exports to Mexico hit all-time highs this month, but a slower-than-expected build out of pipelines inside Mexico has kept increases far below available capacity at the border. Over the last decade, U.S. gas exports to Mexico via pipeline have more than tripled, to 4.9 billion cubic feet per day in August, according to Thomson Reuters data.

  • Among major oil- and gas-producing states, Louisiana gained six rigs and New Mexico increased by five. Texas, meanwhile, lost two rigs, while Arkansas, Kansas and Pennsylvania each decreased by one. Colorado, North Dakota, Utah, West Virginia and Wyoming were unchanged from last week.

  • NEW YORK, Aug 10- U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production in anticipation of higher crude prices in 2018 than recent years. That rig count increase occurred despite U.S. crude prices falling for a sixth week in a row for the first time since August 2015 on worries...

  • Aug 10- U.S. natural gas exports to Mexico hit all-time highs this month, but a slower-than-expected build out of pipelines inside Mexico has kept increases far below available capacity at the border. Over the last decade, U.S. gas exports to Mexico via pipeline have more than tripled, to 4.9 billion cubic feet per day in August, according to Thomson Reuters data.

  • *Euro falls to lowest since July 2017. NEW YORK/ LONDON, Aug 10- A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds. European shares and a gauge of global equity markets closed down more than 1 percent, while losses on Wall...

  • ALBUQUERQUE, N.M.— A fifth lawsuit has been filed against the U.S. Environmental Protection Agency over a mine waste spill the agency inadvertently triggered in 2015, polluting rivers in Colorado, New Mexico and Utah. The EPA referred questions to Department of Justice officials, who did not immediately return a phone message seeking comment.

  • *Euro falls to lowest since July 2017. NEW YORK/ LONDON, Aug 10- A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds. European shares and a gauge of global equity markets fell more than 1 percent, while stocks on Wall Street were...

  • Chris Collins on insider trading charges is drawing new attention to the freedom members of Congress have to serve on corporate boards or to buy and sell stock in industries they're responsible for overseeing. Collins, a New York Republican, has denied any wrongdoing stemming from his involvement with Innate Immunotherapeutics Limited, a biotechnology...

  • Chris Collins on insider trading charges is drawing new attention to the freedom members of Congress have to serve on corporate boards or to buy and sell stock in industries they're responsible for overseeing. Collins, a New York Republican, has denied any wrongdoing stemming from his involvement with Innate Immunotherapeutics Limited, a biotechnology...

  • HOUSTON, Aug 8- U.S. shale producers that spent the last year promising to control capital spending and adhere to strict financial controls are finding the lure of higher oil prices irresistible. Derek Rollingson, portfolio manager of the ICON Energy Fund, which holds shares of more than a dozen U.S. shale producers, said increasing capital spending makes sense...

  • HOUSTON, Aug 8- U.S. oil producer Occidental Petroleum Corp posted a better-than-expected quarterly profit on Wednesday as rising crude prices helped offset a production dip. The company posted net income of $848 million, or $1.10 per share, compared to $507 million, or 66 cents per share, in the year-ago period. Shares of the company, the largest oil producer in the...

  • Siraj Ibn Wahhaj, arrested in connection with a raid by authorities on a squalid compound in rural New Mexico where 11 children were taken into protective custody for their own health and safety, is shown in this booking photo, in Amalia, New Mexico, provided August 6, 2018.

    A father arrested at a New Mexico compound where 11 hungry children were found living in filth was training youngsters to commit school shootings, prosecutors said.

  • Among major oil- and gas-producing states, Wyoming gained two rigs and Louisiana and Pennsylvania each increased by one. West Virginia lost three rigs, Colorado and New Mexico each decreased by two and Alaska and North Dakota each lost one. Arkansas, California, Kansas, Ohio, Oklahoma, Texas and Utah were unchanged.

  • The EPA said this week it is making progress on reviewing about 380 claims for lost income, fallen property values and other losses from the 2015 spill at the Gold King Mine in southwestern Colorado. An EPA- led contractor crew was doing excavation work at the entrance to the Gold King near Silverton, Colorado, on Aug. 5, 2015, when workers inadvertently unleashed 3...

  • NAFTA negotiations: Will US-Mexico strike a deal?

    Bill Richardson, former governor of New Mexico and U.S. ambassador to the United Nations under President Clinton, discusses his future outlook on NAFTA with the new president of Mexico.

  • More than half the total oil rigs are in the Permian basin in west Texas and eastern New Mexico, the nation's biggest shale oil field. That compares with averages of $50.85 in 2017 and $43.47 in 2016.. Looking ahead, crude futures were trading near $67 for the balance of 2018 and over $64 for calendar 2019.

  • Aug 1- Encana Corp blew past analysts' estimates for quarterly profit on Wednesday, as the oil and gas producer benefited from rising shale oil production in the Permian Basin, where it operates one of its biggest oilfields. U.S. oil production hit a record 11 million barrels per day in July, driven by the prolific Permian Basin of West Texas and New Mexico.

  • HOUSTON, July 31- Anadarko Petroleum Corp on Tuesday missed Wall Street quarterly profit estimates but beat expectations on revenue as production increased and margins improved in its U.S. shale operations. This month, U.S. oil production hit a record 11 million barrels per day, aided by surging production in the Permian Basin of West Texas and New Mexico.