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Home Business (page 15)

Business

Bans on oil, gas development on federal land could be ‘catastrophic’

By Michael
December 21, 2020
in :  Business, Local News
Comments Off on Bans on oil, gas development on federal land could be ‘catastrophic’
5,965

Some folks in the western part of the country hope certain campaign promises are let to slide. A ban on oil and natural gas development on public lands by President-elect Joe Biden would severely harm the economies of eight western states, especially New Mexico, according to a study released Monday. After discussing the report with the News-Sun, state Rep. Larry …

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Eunice Wells Fargo branch bank to close in March

By Michael
December 18, 2020
in :  Business, Local News
Comments Off on Eunice Wells Fargo branch bank to close in March
5,778

The Wells Fargo branch in Eunice will permanently close its doors in March of 2021. The Wells Fargo branch will close on March 10 at noon. Until then, the bank will operate normal business hours. The nearest Wells Fargo location will be 20 miles away in Hobbs or in Jal. Wells Fargo’s New Mexico Communications Advisor Franchesca Pancham explained the …

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Energy payments to states in US West plummet in 2020

By Michael
December 7, 2020
in :  Business
Comments Off on Energy payments to states in US West plummet in 2020
3,414

BILLINGS, Mont. (AP) — Payments to states in the U.S. West have plummeted for oil, natural gas and coal extracted from U.S. lands after low crude prices and the pandemic slowed drilling and mining in many areas in 2020, according to federal data. Nationwide, payments to states for drilling on public lands and in U.S. waters were down by $630 …

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Energy payments to states in US West plummet in 2020

By Michael
December 7, 2020
in :  Business
Comments Off on Energy payments to states in US West plummet in 2020
2,461

BILLINGS, Mont. (AP) — Payments to states in the U.S. West have plummeted for oil, natural gas and coal extracted from U.S. lands after low crude prices and the pandemic slowed drilling and mining in many areas in 2020, according to federal data. Nationwide, payments to states for drilling on public lands and in U.S. waters were down by $630 …

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OPEC, Russia to nudge up oil output after hit from pandemic

By Michael
December 3, 2020
in :  Business
Comments Off on OPEC, Russia to nudge up oil output after hit from pandemic
3,735

FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, gingerly adding more crude to a global economy still suffering from the COVID-19 pandemic. The decision followed days of wrangling over whether to increase output early …

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OPEC, Russia to nudge up oil output after hit from pandemic

By Michael
December 3, 2020
in :  Business
Comments Off on OPEC, Russia to nudge up oil output after hit from pandemic
4,391

FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, gingerly adding more crude to a global economy still suffering from the COVID-19 pandemic. The decision followed days of wrangling over whether to increase output early …

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Wells Fargo bank in Hobbs closed until Dec. 15 due to COVID

By Michael
December 3, 2020
in :  Business, Local News
Comments Off on Wells Fargo bank in Hobbs closed until Dec. 15 due to COVID
6,462

The only Wells Fargo bank location in Hobbs closed its doors this week after an employee tested positive for COVID-19. On Monday, the Hobbs branch of Wells Fargo closed for two weeks after an unnamed employee tested positive for COVID-19. The bank will remain closed until Dec. 15, according to Franchesca Pancham, communications advisor for Wells Fargos in New Mexico. …

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OPEC talks on oil production to go into second day

By Michael
November 30, 2020
in :  Business
Comments Off on OPEC talks on oil production to go into second day
5,199

FRANKFURT, Germany (AP) — Leaders of the OPEC oil cartel adjourned their virtual meeting Monday on future production as no agreement was announced on whether to extend output cuts into next year. The OPEC nations, led by Saudi Arabia, will reconvene Tuesday, according to a short statement from the cartel’s Vienna headquarters. The talks will include additional members from a …

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EnergyPlex conference discusses flaring rules

By Michael
November 25, 2020
in :  Business, Local News
Comments Off on EnergyPlex conference discusses flaring rules
5,346

Three New Mexico cabinet secretaries in a live remote panel concluded the fourth EnergyPlex Conference last week with discussion of economic development, methane rules and legislative priorities. The Economic Development Corporation of Lea County sponsored and facilitated the conference that included both pre-recorded and live presentations. Economic Development Department Secretary Alicia Keyes credited the current coronavirus pandemic for giving special …

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EnergyPlex conference discusses flaring rules

By Michael
November 25, 2020
in :  Business, Local News
Comments Off on EnergyPlex conference discusses flaring rules
6,072

Three New Mexico cabinet secretaries in a live remote panel concluded the fourth EnergyPlex Conference last week with discussion of economic development, methane rules and legislative priorities. The Economic Development Corporation of Lea County sponsored and facilitated the conference that included both pre-recorded and live presentations. Economic Development Department Secretary Alicia Keyes credited the current coronavirus pandemic for giving special …

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NextEra commissions new electric transmission line

Hobbs News-Sun
1 week ago

NextEra commissions new electric transmission line Christina Holt/News-Sun LOVINGTON — Dozens of guests stood …

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