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Eddy County dominates NM Energy

Who’s top dog for energy in the Permian Basin? According to a study from the Carlsbad Department of Development, New Mexico’s Eddy County tops the charts for both oil and gas production throughout the Basin. “We always were aware that our natural gas production regularly outpaced all of the other 28 counties in the Permian Basin,” the Department’s Director John ...

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Low prices threaten to curb rising rig count

Permian Basin producers added another three rigs in the week ending Friday, according to the widely-watched Baker Hughes rig count. But observers met the ongoing uptick in drilling activity with concern that it might be short-lived, after another dip in oil prices in July threatened to erase the gains of the previous months. The latest build in Permian rigs left ...

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Billionaire oil, investment leader to headline energy summit

CARLSBAD — Billionaire T. Boone Pickens, founder of Mesa Petroleum and current chairman of BP Capital Management hedge fund, will be the headline speaker at September’s Southeastern New Mexico Energy Summit. “We’re just so happy that he’s coming to Carlsbad,” said Carlsbad Mayor Dale Janway. “I’ve been following Boone Pickens for many, many years. I am a big fan of ...

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NM rakes in $33 billion

The state of New Mexico scored a hefty chunk of change following U.S. Bureau of Land Management’s recent oil and gas lease sale. The sale include 69 federal leases throughout Texas, Oklahoma and New Mexico, the Albuquerque Business Journal reports. Of the more than $70 million in BLM revenues, New Mexico is entitled to about $33.4 million from its 53 ...

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Oil company gets $130K fine

The Middle Pecos Groundwater Conservation District leveled a $130,000 fine against a small oil company accused of illegally dumping toxic waste water in a stretch of rural pasture near Imperial. The waste, known as produced water, emerges from an oil well after completion and contains potentially harmful organic and inorganic chemicals. Six of the 11 groundwater district members that attended ...

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‘I will light you up,’ Texas officer warns Sandra Bland in video of controversial arrest

REPORTING FROM HEMPSTEAD, Texas — The video of Sandra Bland’s arrest, shot from the dashboard camera inside a police cruiser, shows a contentious confrontation between the officer and the woman who died three days later in a Texas jail cell. In the video of the July 10 incident, released by the Texas Department of Public Safety on Tuesday afternoon, Bland ...

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