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New Mexico ranks No. 45 in economic diversity

New Mexico has one of the least diverse economies in the country, ranking 45th among states with a “location quotient” score that falls well short of what would be considered a balanced economy, according to a new state report. A high level of diversity is generally associated with economic stability, says the report by economist Tracy Shaleen in the Department ...

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Two companies continue cuts in Texas energy industry

Two Houston-based oilfield companies have announced more job cuts on the horizon for Texas. National Oilwell Varco and Cal Dive International will cut a combined 276 jobs this month, according to state regulators on Monday. Fuel Fix reported that Cal Dive, which filed for Chapter 11 bankruptcy protection in March, told the Texas Workforce Commission it is closing two facilities ...

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South Texas pipeline explosion injures 2

FALFURRIAS, Texas (AP) — Authorities say the explosion of a natural gas pipeline near the small South Texas town of Falfurrias injured two people and prompted the evacuation about 150 homes. An official with the Brooks County sheriff’s office said the explosion occurred Monday night near Falfurrias, a town of about 5,000 located about 80 miles southwest of Corpus Christi. ...

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Pothole: the scourge of Market Street

A hole in the road on south Market Street in Odessa has become more of a pond than a pothole over the last seven years. News West 9 reports that the pothole, which covers the whole road, has been a frustrating obstacle for area motorists and nearby business owners. “It’s a pothole, but it’s more like a crater in the ...

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TxDOT approves $22.8 million in roadway improvements

The Texas Transportation Commission approved six projects worth $22.8 million for the 12-county Odessa District, including two funded by Proposition 1, according to a Monday release from the Texas Department of Transportation. The six projects approved from the July bid openings are: — A project to resurface approximately 2.5 miles of West Loop 338 from Kermit Highway going north was ...

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El Paso pays more for gas

For a town with several refineries like El Paso, it’s hard to imagine that gasoline would be especially spendy, but residents routinely pay significantly more at the pump. El Paso Inc. reports last week’s average price hovered around $2.66 per gallon—about 19 cents higher than the average price per gallon in Texas. The city’s average gas prices are lower than ...

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Texas Attorney General Ken Paxton arrested, booked; mugshot released

Texas Attorney General Ken Paxton was arrested Monday morning and booked in Collin County on three felony count securities law violations. Paxton turned himself in McKinney north of Dallas. The booking procedure, which took place outside the media’s sight, included getting fingerprinted and having his mugshot taken by jail personnel. Paxton also was expected to sign three personal recognizance bonds ...

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Official says NM is ready for new power plant rules

FARMINGTON — Officials with Gov. Susana Martinez’s administration and a local power utility said the state is prepared to meet tighter power plant regulations — announced Monday by the Obama administration — that are intended to curb greenhouse gas emissions. New Mexico Environment Secretary Ryan Flynn said in a email that the Clean Power Plan amounts to “overreach” by the ...

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Noble can take a hit and keep on thriving

Houston-based oil and gas powerhouse Noble Energy suffered a hefty loss of $109 million in the second quarter, but the hit didn’t seem to shake David Stover, the company’s chairman, president and CEO. “We have the financial strength to navigate through a volatile market and take advantage of opportunities,” Stover told FuelFix. “All oil and natural gas companies are facing ...

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