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Home Business (page 20)

Business

Chevron donates $65K to local response crisis, $230k to Permian Basin

By Michael
March 30, 2020
in :  Business, Local News
Comments Off on Chevron donates $65K to local response crisis, $230k to Permian Basin
5,049

It’s March 17, and A.J. De Los Santos is stressing out over the news. Lorena Castillo and Becca Titus were right behind him on the stress-o-meter. As the staff of United Way of Lea County, they just learned that the United Way worldwide organization sent down a decree that each local non-profit agency needs to immediately create a Community Crisis …

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Lea County is nation’s No. 1 oil producer

By Michael
March 27, 2020
in :  Business, Local News
Comments Off on Lea County is nation’s No. 1 oil producer
12,730

LOVINGTON — Over the top in December and January. “Lea County is now officially the No. 1 oil and gas producer in the U.S.,” said County Chairwoman Rebecca Long on Thursday. “We have the final numbers in for December and January, both.” With the latest data available, County Finance Director Chip Low said earlier this month the numbers for December …

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Lea County is nation’s No. 1 oil producer

By Michael
March 27, 2020
in :  Business, Local News
Comments Off on Lea County is nation’s No. 1 oil producer
11,919

LOVINGTON — Over the top in December and January. “Lea County is now officially the No. 1 oil and gas producer in the U.S.,” said County Chairwoman Rebecca Long on Thursday. “We have the final numbers in for December and January, both.” With the latest data available, County Finance Director Chip Low said earlier this month the numbers for December …

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US seeks $3 billion to boost oil producers as prices plunge

By Michael
March 19, 2020
in :  Business
Comments Off on US seeks $3 billion to boost oil producers as prices plunge
3,361

WASHINGTON (AP) — The Trump administration said Thursday it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping up U.S. oil producers after crude prices crashed globally. President Donald Trump had directed the Energy Department last week to fill the United States’ emergency stash of crude oil to the top, over objections from …

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Halliburton to furlough 3,500 workers at Houston campus

By Michael
March 18, 2020
in :  Business, State/Regional News
Comments Off on Halliburton to furlough 3,500 workers at Houston campus
4,866

HOUSTON (AP) — Halliburton will institute a mandatory furlough for 3,500 employees in Houston beginning next week amid falling oil prices. The furlough will begin Monday and will last up to 60 days, company spokeswoman Emily Mir said Wednesday. During the furlough, affected employees will work one week on followed by one week off, the Houston-based company said. Employees will …

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Saudi-Russia oil fight melts markets, targets US oil patch

By Michael
March 9, 2020
in :  Business
Comments Off on Saudi-Russia oil fight melts markets, targets US oil patch
4,348

FRANKFURT, Germany (AP) — A clash of the oil titans – Saudi Arabia and Russia – is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. In the short term, oil prices fell by the most in one day since the 1991 Gulf War. …

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Oil prices plunge 20% as another virus-fueled trading week begins

By Michael
March 8, 2020
in :  Business
Comments Off on Oil prices plunge 20% as another virus-fueled trading week begins
6,069

NEW YORK (AP) — Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016. Benchmark U.S. …

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New Mexico brings in over $108M in oil, gas royalty payments

By Michael
March 6, 2020
in :  Business
Comments Off on New Mexico brings in over $108M in oil, gas royalty payments
4,306

SANTA FE, N.M. (AP) — Oil and natural gas royalty payments for development on state trust lands netted nearly $109 million for New Mexico in one month. Land Commissioner Stephanie Garcia Richard announced the record revenues Friday, saying the State Land Office is on track to raise another $1 billion this year for public schools, hospitals and other beneficiaries. Much …

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Exxon to cut activity in Permian Basin as oil prices plummet

By Michael
March 6, 2020
in :  Business
Comments Off on Exxon to cut activity in Permian Basin as oil prices plummet
5,318

NEW YORK (AP) — Exxon Mobil said Thursday it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand. The price of a barrel of oil has fallen more than 25% since the start of the year, and 8% in the …

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Hometown airman asks Hobbs for its support

By Michael
February 28, 2020
in :  Business, Local News
Comments Off on Hometown airman asks Hobbs for its support
4,844

Home town Air Force Master Sergeant Gabrial Valenzuela asked for Hobbs’ support in making it to the top of Spark Tank, the Air Force version of Shark Tank. Valenzuela was born and raised in Hobbs before joining the Air Force in 2004, and going to Germany seven years ago. Spark Tank is something the Air Force put together three years …

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Hispano Chamber honors businesses, individuals at annual banquet

Hobbs News-Sun
2 days ago

Hispano Chamber honors businesses, individuals at annual banquet Andy Brosig/News-Sun It was 45 years …

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