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PHS: green business is good business

How can a hospital get a handle on energy efficiency? For the past eight years, Presbyterian Healthcare Services in New Mexico has opted to control its energy usage from a centralized location. The Albuquerque Business Journal described the heart of the hospital’s energy handle as “Hollywood’s version of a government control room,” complete with carded entry to a room filled ...

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Report: State revenue better than expected

Oil rig during sunset

Although lower energy prices sent chills through state budget writers during the recent legislative session, New Mexico should end the fiscal year with more money than expected, according to an analysis released this week. “The largest risks to the fiscal year revenue forecast have passed,” according to the General Fund Revenue Tracking update compiled by Legislative Finance Committee economists. The ...

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City Council allocates $3.8M

The Odessa City Council met for nearly half an hour behind closed doors Tuesday night using an exemption in open meetings law to discuss a “personnel matter” involving City Manager Richard Morton. But the nature of that discussion remains unclear, after council members took no action. Morton deferred questions about the discussion to the council, citing their executive session privilege ...

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Range Resources reports second-quarter loss

Range Resources lost $119 million in the second quarter despite cutting back on the number of rigs deployed and the amount of money spent to drill each well. The Fort Worth-based energy company lost 71 cents per diluted share versus earnings of $171 million, or $1.04 per diluted share, in the second quarter of 2014. The results were released Tuesday ...

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Budget includes $3 million waterpark

CARLSBAD — Despite approving a conservative $140 million budget for the next fiscal year, the Carlsbad City Council was able to set aside funds for a city water park. The $3 million allocated for the park, which will be located at the beach area, was available because the city has budgeted conservatively for the past several years, said City Administrator ...

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Inspectorate opens Basin facility

A new oil and gas service facility opened in the Midland-Odessa area earlier this week. Inspectorate, a multinational inspection, sampling and testing services group, announced Tuesday that it will now provide services to the Permian Basin including sampling and gauging, terminal inventories, key point crude testing and water-draws. Inspectorate’s team is also trained and equipped to package and ship samples ...

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Proposed BLM regulations draw industry criticism

FARMINGTON — On July 10, the Bureau of Land Management announced proposed updates to its 25-year-old oil and gas regulations in an effort to help ensure states, tribes and taxpayers get fair royalty returns on resources taken from public lands. The proposed rule changes, announced Friday, will update the BLM’s “Onshore Oil and Gas Order Number 3 (Order 3),” which ...

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