For the News-Sun MIDLAND, Texas — Permian Strategic Partnership brought the total company membership to 19 with the addition of Kinetik and Water-Bridge Resources this week. “We are thrilled to welcome Kinetik, WaterBridge and their respective board members Matt Wall and Jason Long to our team,” said Tracee Bentley, president and CEO of the PSP. “These companies bring tremendous talent and …

By CORA LEWIS Associated Press NEW YORK (AP) — Since the start of the pandemic, the option to “buy now, pay later” has skyrocketed in popularity, especially among young and low-income consumers who may not have ready access to traditional credit. If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to …

Curtis Wynn/News-Sun LOVINGTON — While the value of taxable property in Lea County more than doubled last year, the tax rates have stayed much the same and the oilfield will pick up the tab — most of it. At the request of County Tax Assessor Sharla Kennedy, and in compliance with state law, the Lea County Commission on Thursday certified …

By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — The Biden administration accepted nearly $190 million Wednesday in bids from an offshore oil and gas lease sale that was held nearly a year ago but rejected by a federal judge. The Bureau of Ocean Energy Management’s action was required by the climate bill that was signed Aug. 16 — a …

By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — The Biden administration accepted nearly $190 million Wednesday in bids from an offshore oil and gas lease sale that was held nearly a year ago but rejected by a federal judge. The Bureau of Ocean Energy Management’s action was required by the climate bill that was signed Aug. 16 — a …

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — The Biden administration reached a legal settlement Tuesday that requires the government to reexamine potential climate damages from oil and gas leases put up for sale under the Trump administration on government land in Montana and North Dakota. Similar deals have been reached in recent weeks for lease sales covering thousands …

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20% of the oil producer. Occidental’s stock rose more than 3.5% on Tuesday to $62.18 after Buffett revealed his latest purchases of nearly 6.7 million Occidental …

Gabrielle Arsiaga/News-Sun Two female go-getters, one goal — teaching up and coming business owners how to run a business from the ground up. Women’s Economic Self Sufficiency Team, (WESST) held the “Go Latinas” event which brought in predominately women owned businesses from across Lea County to network, socialize, and build connections with one another to help push one another’s businesses …

By JANET McCONNAUGHEY and MATTHEW BROWN Associated Press NEW ORLEANS (AP) — President Joe Biden’s administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat’s climate promises but scaling back a Trump-era plan that called for dozens …

LONDON (AP) — OPEC and allied oil-producing countries decided Thursday to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude. The cautious approach from the OPEC+ alliance — which includes non-member Russia — will exacerbate a global energy …