A Permian Basin oil and gas operator agreed to a $9.5 million settlement with the State of New Mexico and federal government over air pollution caused by the company’s facilities in southeast New ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Not all that long ago, shares of oil companies were ...

NEW MEXICO (KRQE) – An oil and gas producer, with operations in New Mexico and Texas, has settled a joint civil lawsuit with the U.S. Environmental Protection Agency (EPA) and the New Mexico ...

Sapakara West-1 well provides further confirmation of geologic model with 79 meters (259 feet) of net oil and gas condensate pay. The third and fourth exploration well locations in Block 58 have been ...

Kwaskwasi-1 was drilled to a depth of approximately 6,645 meters (21,800 feet) and successfully tested for the presence of hydrocarbons in multiple stacked targets in the upper Cretaceous-aged ...

A lot of oil companies are struggling with the price of crude stubbornly stuck below $50 a barrel. Their struggles are largely due to two factors: They have too much debt and their costs are too high.

New Mexico Cabinet Secretary of the Environment James Kenney meets with Carlsbad business leaders, Feb. 3, 2020 in Santa Fe. A Permian Basin oil and gas operator agreed to a $9.5 million settlement ...