NEW YORK (AP) — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. The oil giant brought in $59.15 billion in revenue, up 5% from $56.16 billion during the same quarter last year. It exceeded analyst projections for the quarter. The oil and gas industry has been struggling with …
SANTA FE, N.M. (AP) — The State Land Office on Thursday announced a lawsuit against two oil and natural gas companies, citing unmet obligations to plug at least 29 abandoned wells in western New Mexico, remove trash and debris and pay penalties for trespassing on an expired lease site. The lawsuit against BC&D Operating and Dominion Production Company is the …
BILLINGS, Mont. (AP) — President Joe Biden has nominated a longtime environmental advocate and Democratic aide to oversee the vast expanses of federally owned land in Western states — the latest political appointment raising concerns among Republicans as Biden moves to curtail energy production from public reserves. Tracy Stone-Manning of Missoula, Montana, was nominated on Thursday to direct the Interior …
WASHINGTON (AP) — The White House is naming Tommy Beaudreau, a former Obama administration official, to be deputy secretary at the Interior Department after dropping plans for a more liberal nominee who faced key Senate opposition. President Joe Biden on Wednesday nominated Beaudreau, a former chief of staff at the department who was the first director of the Bureau of …
It was only a matter of time. With the new $110 million Covenant Health Hobbs hospital being built on the southeast corner of Lovington Highway and Millen Drive the next logical step would be to have local shopping and restaurants developed within walking distance of the facility. To the north there are two restaurants and a pair of convenience stores. …
FRANKFURT, Germany (AP) — The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the COVID-19 pandemic. The group is restoring production that was slashed …
NEW ORLEANS (AP) — Thirteen states sued the Biden administration Wednesday to end a suspension of new oil and gas leases on federal land and water and to reschedule canceled sales of leases in the Gulf of Mexico, Alaska waters and western states. The Republican-leaning states, led by Louisiana Attorney General Jeff Landry, seek a court order ending the moratorium …
BILLINGS, Mont. (AP) — Attorneys general from 21 states on Wednesday sued to to overturn President Joe Biden’s cancellation of the contentious Keystone XL oil pipeline from Canada. Led by Ken Paxton of Texas and Austin Knudsen of Montana, the states said Biden had overstepped his authority when he revoked the permit for the Keystone pipeline on his first day …
IRS will delay tax filing due date until May 17 By SARAH SKIDMORE SELL AP Business Writer Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17. The IRS announced the decision Wednesday and said it would provide further guidance in the …
FRANKFURT, Germany (AP) — Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place amid worry that coronavirus restrictions could still undermine recovering demand for crude. Many analysts had expected a small production increase as the price of oil has …
