Larry Wormington recently took his family on a vacation, driving into Texas, over into and across Oklahoma from west to east, up about 90 miles into Missouri, then heading into South Texas by way of Del Rio. Wormington said he and his family passed too many gasoline stations to count in their 2,000-plus-mile plus journey, buying close to $100 of …

Devon Energy employees recently presented contributions totaling $30,000 to three United Way organizations in southeast New Mexico – the United Way of Carlsbad and South Eddy County, the United Way of Lea County and the North Eddy County United Way. These United Way organizations collectively support 60 unique health and human service agencies in Eddy and Lea counties, and these …

Tech giants plunge again, pushing market into red for year By MARLEY JAY, AP Markets Writer NEW YORK (AP) — Stocks dropped again Tuesday as losses mounted for the world’s largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year. Oil prices tumbled another 6.6 percent …

ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday. The comments from the minister, Khalid al-Falih, show the …

DENVER (AP) — Colorado voters rejected a proposal Tuesday that would have tightly restricted where new oil and gas wells could be drilled across the state — the latest development in a contentious debate about how much control state and local governments can exert over the powerful fossil fuels industry. Proposition 112 would have required that new wells be at …

Anadarko announces $4 billion midstream asset sale HOUSTON, Nov. 8, 2018 /PRNewswire/ — Anadarko Petroleum Corporation  today announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP, with $2.0075 billion cash proceeds, and the balance to be paid in new Western Gas equity. Concurrently WES announced it has entered into …

Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still sees retirement as an end instead of a beginning – a finish line for a career. In reality, retirement is the start of …

Exxon Mobil Corporation announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with asset sales of $1.5 billion. During the quarter, the company distributed $3.5 billion in dividends to shareholders. Capital and exploration expenditures were $6.6 billion, …

Enterprise begins construction of seventh natural gas processing plant in Delaware Basin HOUSTON–(BUSINESS WIRE)–Oct 31, 2018–Enterprise Products Partners L.P. (NYSE: EPD) today announced it has begun construction of the Mentone cryogenic natural gas processing plant in Loving County, Texas. The facility, which is expected to begin service in the first quarter of 2020, will have the capacity to process 300 …

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 …