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New Mexico wrestles with cleanup costs at oil wells

SANTA FE, N.M. (AP) — New Mexico regulators overseeing oil leases on state trust lands are seeking to set aside more funding as they grapple with repairing damage in the wake of spills of oily salt water by a Texas-based company. State Land Commissioner Aubrey Dunn unveiled proposed legislation Wednesday to create a fund that could accumulate up to $5 ...

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New Mexico settles with Texas well operator

Texas well operator

SANTA FE, N.M. (AP) — New Mexico oilfield regulators have reached a settlement agreement with a Texas well operator in response to spills of oily salt water at the company’s waste-water injection sites and oil wells. The New Mexico Oil Conservation Division confirmed Tuesday the agreement with Siana Operating of Midland, Texas, that outlines a timeline for cleaning up the ...

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Retail gasoline prices up 3 cents in Texas, nationwide

Texas, gasoline prices

COPPELL, Texas (AP) — Retail gasoline prices in Texas and nationwide are up 3 cents this week. AAA Texas on Thursday reported the average price at the pump across the state was $2.15 per gallon. The nationwide average reached $2.36 per gallon. Drivers in Amarillo have the cheapest gasoline in Texas this week at $2.03 per gallon. The association survey ...

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US rig count sees first significant jump of 2016

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by four this week to 408, the first rig count gain in months and halting a slide that pushed the count to record-low levels amid collapsed energy prices. A year ago, 868 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

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Planners seek to transform New Mexico border town into destination

SANTA TERESA, N.M. (AP) — Trucks race along a winding road in the arid New Mexico desert. As they travel through Santa Teresa, a border-crossing port of entry and unincorporated town, they pass millions of square feet of warehouses that store steel coil, wind turbine blades and specialty glass. It’s a town that state officials say has pumped millions into New Mexico’s economy. But ...

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