Oil and gas added $15B to N.M.'s revenue in fiscal 2023
New Mexico's oil and gas industry contributed over $15 billion to state...
New Mexico's oil and gas industry contributed over $15 billion to state coffers in the last fiscal year as Permian Basin production continued to increase. The share of oil and gas revenues of the General Fund is projected to rise from 35% in fiscal 2023 to nearly 40% in fiscal 2024, before gradually declining due to strategic state investments and legislative spending.
Advances in drilling and completion techniques have enabled Liberty Resources II to turn Tier 2 Bakken Shale acreage into "extended core" areas with performance comparable to core properties, CEO Mark Pearson said in a recent interview. Pearson also discussed the potential of enhanced oil recovery and predicted increased consolidation in the Bakken due to core inventory depletion and private equity exits.
The news out of Tesla’s annual shareholder meeting in Austin: This...
The news out of Tesla’s annual shareholder meeting in Austin: This is Texas, and Elon Musk can hold ’em. The electric vehicle company’s shareholders voted by a wide margin to reapprove the CEO’s pay package, handing a big win to Musk and Tesla’s board.
Shareholders also approved Musk’s plan to move the company’s incorporation from Delaware to Texas.
Euro 2024 kicks off today. The 17th edition of the quadrennial football soccer...
Euro 2024 kicks off today. The 17th edition of the quadrennial football soccer tournament starts today when host country Germany faces Scotland in the first of 51 matches to determine European supremacy. Apart from the hosts, the favorites include England, France, Portugal, Spain, and defending champs Italy. The pressure is heavy on England, which has never won the Euros and hasn’t won a major tournament since the 1966 World Cup. Ukraine, meanwhile, will likely be a fan favorite in the competition as the country defends itself from Russia’s invasion. The monthlong tournament could give a fleeting boost to Germany’s economy: The country expects to sell 2.7 million tickets and earn $4 billion in additional tourism sales.
Wholesale prices unexpectedly fell 0.2% last month, further evidence that the US is getting inflation under control after the encouraging consumer price index report released earlier this week.
LinkedIn rolled out a slate of AI features, including AI-powered career coaches for premium members.
Evan Gershkovich, the Wall Street Journal reporter wrongfully imprisoned in Russia, was accused of spying for the CIA in an evidence-free indictment.
The computer servers for GameStop’s annual shareholder meeting crashed yesterday due to overwhelming interest.
Elon Musk was sued by eight former SpaceX employees for sexual harassment and retaliation, which Musk has denied.
Benchmark U.S. crude oil for July delivery rose 12 centsto $78.62 per barrel Thursday. Brent crude for August delivery rose 15 cents to $82.75 per barrel.
Wholesale gasoline for July delivery rose 3 centsto $2.42 a gallon. July heating oilrose 5 centsto $2.49 a gallon. July natural gas fell 9 cents to $2.96 per 1,000 cubic feet.
