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Home Business (page 17)

Business

Texas firm to build oil waste facility

By Michael
September 29, 2020
in :  Business, Local News
Comments Off on Texas firm to build oil waste facility
5,717

JAL — A New Mexico first is coming to southern Lea County with construction of a new type of oilfield waste management facility 14 miles west of Jal. Milestone Environmental Services, with offices in Houston and Midland, announced the company has received permits from the New Mexico Oil Conservation Division (NMOCD) to establish an oilfield slurry injection and solid waste …

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Texas firm to build oil waste facility

By Michael
September 29, 2020
in :  Business, Local News
Comments Off on Texas firm to build oil waste facility
4,895

JAL — A New Mexico first is coming to southern Lea County with construction of a new type of oilfield waste management facility 14 miles west of Jal. Milestone Environmental Services, with offices in Houston and Midland, announced the company has received permits from the New Mexico Oil Conservation Division (NMOCD) to establish an oilfield slurry injection and solid waste …

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Major retailers itching to open at old K-Mart

By Michael
September 11, 2020
in :  Business
Comments Off on Major retailers itching to open at old K-Mart
6,253

At least four major national and international retail stores are coming to Hobbs within a year according to a Pegasus Group broker. Construction activity in the area of the former K-Mart store near Grimes and Bender streets should start in about two weeks, said Steve Lyon, an Albuquerque-based Pegasus Group commercial real estate broker. Leasing the first four primary spaces …

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Covenant to buy Lea Regional, still plans new hospital building

By Michael
September 10, 2020
in :  Business, Local News
Comments Off on Covenant to buy Lea Regional, still plans new hospital building
7,174

In August 2019 Covenant Health announced plans to build a new hospital in Hobbs, with a groundbreaking in January 2021, but on Tuesday Covenant announced it will be in Lea County even sooner by purchasing Lea Regional Medical Center. Tuesday, Covenant signed a purchase agreement with Lea Regional and it corporate owner, Community Health Systems Inc., with an anticipated closing …

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NM voters value oil and gas industry

By Michael
August 25, 2020
in :  Business, Local News
Comments Off on NM voters value oil and gas industry
5,115

More than two-thirds of New Mexican voters recognize the value of the oil and gas industry, according to a new poll released by the American Petroleum Institute (API). The poll was reported in a news release from the New Mexico Oil and Gas Association (NMOGA) citing nearly two-thirds of the state’s voters would be more likely to vote for candidates …

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Schlumberger slashes 21,000 jobs amid pandemic oil rout

By Michael
July 24, 2020
in :  Business
Comments Off on Schlumberger slashes 21,000 jobs amid pandemic oil rout
3,514

(AP) —  Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The company will pay more than $1 billion in severance benefits. The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed by the world’s largest oilfield services company close …

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Chevron buys Noble for $5 billion

By Michael
July 22, 2020
in :  Business
Comments Off on Chevron buys Noble for $5 billion
4,191

Chevron Corp. expects to close on a $5 billion deal to acquire Noble Energy, Inc. by the end of this year. In the largest oil and gas deal since the coronavirus pandemic hit in March and the oil price crashed below zero in April, Chevron officials announced Monday the company has entered into a definitive agreement with Noble to acquire …

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Lovington firefighters open gaming center

By Michael
July 6, 2020
in :  Business, Local News
Comments Off on Lovington firefighters open gaming center
5,409

Two Lovington firefighters bring something new to Lovington, a collectibles and hobby shop. Tall Tales Gaming is in the center of downtown Lovington, on Main Street, across from the courthouse, and is providing a place where people can play games, eat, and build friendships, according to the store’s mission statement. “Tall Tales Gaming is a unique venture consisting of all …

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Shell takes $22 billion hit on lower oil, gas prices

By Michael
July 1, 2020
in :  Business
Comments Off on Shell takes $22 billion hit on lower oil, gas prices
3,167

LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to adapt to ensure the business remains resilient” in challenging …

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New Mexico delegates, officials press for plugging oil wells

By Michael
June 15, 2020
in :  Business, State/Regional News
Comments Off on New Mexico delegates, officials press for plugging oil wells
5,302

ALBUQUERQUE, N.M. (AP) — As New Mexico’s oil and gas industry struggles with lower prices and slowing production brought on by the coronavirus pandemic, some members of Congress and state officials are urging the U.S. Interior Department to allow operators to temporarily plugs wells until prices stabilize. U.S. Rep. Xochitl Torres Small’s district includes part of the Permian Basin, one …

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JF Maddox Foundation unveils vision for downtown development

Hobbs News-Sun
2 weeks ago

JF Maddox Foundation unveils vision for downtown development Two-building campus in Hobbs will establish …

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