Energy companies thank State for $87M in road construction funds Mike Smith, Carlsbad Current-Argus © Mike Smith Current-Argus Traffic travels on United States Highway 285 through Artesia on April 21, 2020. The Permian Strategic Partnership praised the State of New Mexico for setting aside millions of dollars for multiple road projects in Eddy County.
New Mexico government leaders received praise from a coalition of energy companies for millions of dollars in road improvements in Southeast New Mexico.
Gov. Michelle Lujan Grisham signed the $7.4 billion fiscal year 2022 New Mexico State budget April 9.
The budget approved during the 2021 New Mexico Legislature set aside $300 million for roadway infrastructure and improvements.
City of Carlsbad update: Transitioning to Southeast New Mexico College
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The Lesson From Pioneer s Latest Permian Deal: Bigger Is Better
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(Reuters) - Pioneer Natural Resources Co is nearing a deal to acquire oil producer DoublePoint Energy for more than $6 billion in cash and stock and expand its footprint in the Permian Basin, people familiar with the matter said on Thursday.
It would be Pioneer’s second significant acquisition in just over six months, after announcing in October it would buy Parsley Energy for $4.5 billion.
U.S. shale companies are on the hunt for acquisitions again, as they position themselves for the recovery in oil prices, with the value of U.S. crude rising 60% in the last six months. Consolidation allows them to cut costs so they can spend more on drilling and return cash to shareholders.