The French Brothers are expanding their presence in Hobbs. The Alamogordo-based home-building business has spent the past five years building around 100 homes at the Zia Crossing subdivision northwest of Hobbs. Now the business is working in east Hobbs, building homes in the Tanglewood subdivision on east Bender and Ranchland Drive. On Oct. 20, French Brothers held a ribbon cutting …

New York says Exxon misled investors about climate risks By CATHY BUSSEWITZ, AP Business Writer NEW YORK (AP) — New York’s attorney general on Wednesday sued Exxon Mobil, saying the Texas energy giant has misled investors about the risks that climate change poses to its operations. The lawsuit filed by Attorney General Barbara Underwood is the latest in a series …

Young’s Homes, one of the largest independent oil industry housing providers in the region with thousands of homes in Hobbs, will celebrate 60 years in business on Friday with a luncheon. “We will break bread at 11:30 then I will honor some people that have given this business, in some cases, their lives,” said business owner Daniel Johncox. Young’s Mobile …

Retailers up their game after Toys R Us closures By ANNE D’INNOCENZIO, AP Retail Writer NEW YORK (AP) — When Toys R Us closed its doors, customers mourned the loss of a beloved brand that conjured memories of their own childhood.Retailers, on the other hand, saw an opportunity. Rather than cede any more ground to online behemoth Amazon, companies like …

OPEC, allies agree not to further increase oil production ALGIERS, Algeria (AP) — A meeting of OPEC and its allies ended without any decision to further increase oil output despite President Donald Trump’s call for lower prices. Members of the Organization of the Petroleum Exporting Countries met on Sunday in Algiers with non-members including Russia. The committee said in a …

BILLINGS, Mont. (AP) — A federal judge has ordered the reinstatement of public participation opportunities in oil and gas lease sales in Western states that were largely eliminated by the Trump administration to speed up sales. U.S. Magistrate Judge Ronald Bush in a Friday ruling sided with environmentalists who sued in April out of concerns that upcoming sales could harm …

McCoy’s Building Supply manager Tyler Louis cut through a 2-by-4 board in under 10 seconds with a sharp hand saw to the applause of about 50 well wishers celebrating the company’s 30 years in Hobbs on Thursday. Originally founded by Frank McCoy in 1927 as the McCoy Roofing Company in Galveston, the expanding company came to Hobbs in May 1988. …

Firehouse Subs blazed its way onto the Hobbs scene with its grand opening and ribbon-cutting ceremony Friday. The event was supported by more than 40 people including at least a dozen members of the Hobbs Fire Department. Interim City Manager and Fire Chief Manny Gomez welcomed Firehouse Subs, giving franchise co-owner Jack Kassis the symbolic key to the city, and …

Diamondback Energy to acquire Energen MIDLAND, Texas–(BUSINESS WIRE) Diamondback Energy, Inc. and Energen Corporation announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately $9.2 billion, including Energen’s net debt of $830 million as of June 30, 2018. The consideration will consist of 0.6442 shares of Diamondback common …

EnLink Midstream to Build New Delaware Basin Crude Oil Gathering System DALLAS, June 27, 2018 /PRNewswire/ — The EnLink Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC), announced that the partnership will construct a new crude oil gathering system in the Northern Delaware Basin called the Avenger Crude Oil Gathering …