Top News & Analysis New Mexico

  • 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.

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  • 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...

  • *Oil markets in Asia remain tight ahead of Iran sanctions. SINGAPORE, Oct 29- Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia's emerging economies. "Cooling economic conditions and symptoms of softer...

  • *Oil markets in Asia remain tight ahead of Iran sanctions. "Cooling economic conditions and symptoms of softer international trade have exacerbated bearish conditions as growth outlook dims," said Benjamin Lu of brokerage Phillip Futures in Singapore. Singapore- based ship tanker brokerage Eastport said stock prices were falling amid policy uncertainty,...

  • *Oil markets in Asia remain tight ahead of Iran sanctions. SINGAPORE, Oct 29- Oil prices were stable on Monday, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Front-month Brent crude oil futures were at $77.63 a barrel at 0221 GMT,...

  • That was also the first time the count increased for four months in a row since July 2017, but the increases from July through to September where marginal as new drilling largely stalled due to pipeline constraints in the Permian Basin. More than half the total U.S. oil rigs are in the Permian basin in West Texas and eastern New Mexico, the country's biggest shale...

  • That was also the first time the count increased for four months in a row since July 2017, but the increases from July through to September where marginal as new drilling largely stalled due to pipeline constraints in the Permian Basin. On Friday, U.S. crude futures were trading around $67.60 per barrel, putting the contract on track to fall for a third week in a row...

  • Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas.

    Halliburton's third-quarter profit edged past analysts' estimates on Monday, as tight pipeline capacity in the top Permian basin led to fewer well completions.