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 ...

Not all that long ago, shares of oil companies were trading as if almost the entire industry was facing bankruptcy. Throw in a major recovery in oil prices, and the interest in oil companies has ...

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 ...

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.

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 ...

TOTAL S.A. TOT and its joint venture partner Apache Corporation APA have made a second oil discovery at the Sapakara West-1 well in Block 58, offshore Suriname. Apache, the operator of the well, ...

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 ...