Portales past: Sept. 20, 1960

Portales News-Tribune: Oil production was confirmed today from two wildcat wells, one in the extreme southwest corner of Roosevelt County and the other 5 miles west of Bluit-Allison field.

Oil spill effects cast wide ripple

Clyde Davis “JB & Friends: Live from the Gulf Coast!” You can watch the show LIVE on CMT, or listen on Radio Margaritaville. To demonstrate support for the people, businesses and culture of the Gulf Coast, CMT will telecast a free musical celebration live from the beach at Gulf Shores, Ala. CMT Presents Jimmy Buffett […]

Oil prices bury retiree allowance

By Tom Philpott: PNT columnist It was higher oil prices last year that led to the largest annual cost-of-living adjustment (COLA) to federal entitlements since 1982. Good thing, too. Lowered oil prices since then are almost certain to block any COLA this year for military retirees, federal civilian retirees, Social Security recipients, survivor benefit annuitants […]

April 29, 1949

Roosevelt County almost saw oil production within its borders when Magnolia Petroleum Company found petroleum within 1.7 miles of Roosevelt County, south of Milnesand. The test was made after a fire erupted during a drill stem test the day before. The well produced 35 barrels of 47-gravity oil within the first hour and was producing […]

Oil-and-gas rights debate draws crowd

By Phaedra Haywood: The New Mexican Oil-and-gas industry representatives and advocates of increasing the rights of landowners who don’t own the mineral rights under their property squared off Wednesday before the House Energy and Natural Resources Committee, which drew a standing-room-only crowd. Debate is scheduled to resume Friday on House Bill 219, which deals with […]

Study: Campaign bucks oil policy wheels

By Steve Terrell: The New Mexican Political contributions from the oil and gas industry might translate into friendly legislation for that industry, according to a new study by Common Cause New Mexico. The report, titled “Connecting the Dots: The Oil and Gas Industry’s Influence on New Mexico Politics,” says oil and gas interests have contributed […]

Fluctuating fertilizer prices hurt farmers, dealers

ke9lhj-130fertlizer2web.jpg

By Argen Duncan: PNT senior writer Fueled by roller coaster oil prices, high fertilizer prices are hurting not only farmers but people selling the products. But oil price decreases this winter may offer some relief. Starting about last January, prices for fertilizer started climbing until they doubled last year, said Ted Hairgrove, manager of DeBruce […]

Land commissioner: Expect oil, gas revenues to fall

By Gabriel Monte: Freedom New Mexico Oil and gas revenues could be down next year as oil and gas companies are expected to drill less in New Mexico because of poor commodity prices and tight state regulations, according to the State Land Office. SLO Commissioner Patrick Lyons told members of the Ag 50 committee during […]

Market more powerful than big oil

It seems like yesterday mobs clamored for government to spank Big Oil for gouging. “Windfall profit taxes!” they demanded as gasoline prices in June rose to $4.33 nationally. What a difference a season makes. Gasoline prices now are around a buck and half in some parts of the nation and $2.40 on average for New […]

Low gas prices help keep world mischief at bay

Freedom New Mexico If there is anything resembling a silver lining in the current financial crisis, it is that the worldwide price of oil has fallen to around $70 a barrel, about half what it was some three months ago. Gasoline prices, which always lag behind oil prices, have begun to drop as well. This […]