The village of Ruidoso, New Mexico, home to 7,000 residents, faced an urgent evacuation on Monday evening as a fast-moving wildfire rapidly approached the area. Authorities issued a mandatory “GO NOW” evacuation, urging residents to leave immediately without attempting to gather belongings or protect their homes. Wildfire Details and Impact The wildfire, known as the […]
Permian Resources Corporation (NYSE: PR) has announced a series of significant portfolio optimization transactions, marking a new era in its strategic growth. These transactions include two bolt-on acquisitions, a substantial acreage swap, the divestiture of non-core assets, and additional grassroots acquisitions, all set to reshape the company’s future in the oil and natural gas sector. […]
Origis Energy, a leader in America’s renewable energy and decarbonization solutions, has announced a substantial milestone, securing $317 million in project tax equity funding from J.P. Morgan. This investment is earmarked for two utility-scale solar and solar plus battery storage projects located in New Mexico and Mississippi, marking a significant advancement in the nation’s renewable […]
In a significant advancement for the semiconductor industry, Intel celebrated the opening of Fab 9, its state-of-the-art factory located in Rio Rancho, New Mexico. This development is part of Intel’s ambitious $3.5 billion investment aimed at enhancing its New Mexico operations. The investment focuses on the manufacturing of advanced semiconductor packaging technologies, including the revolutionary […]
The Bascom Group, LLC, a renowned private equity firm specializing in multifamily, commercial, and non-performing loans and real estate investments, has acquired the Overlook Apartments. This 1988-built, 344-unit garden-style multifamily property is situated at 6200 Eubank Boulevard in Albuquerque, New Mexico. The acquisition signifies Bascom’s initial foray into the New Mexico multifamily housing market. Financing […]
GE Vernova’s Onshore Wind business (NYSE: GE) announced a groundbreaking deal with Pattern Energy to supply 674 of the 3.6-1541 wind turbines for the SunZia Wind project in New Mexico, totaling over 2.4 gigawatts (GW) of power. Key Points: – The SunZia Wind project, poised to become the largest in the Western Hemisphere, will expand […]
American Electric Power (Nasdaq: AEP) has entered into a strategic agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP and PNM Resources, jointly owning NMRD, have agreed to sell their portfolio of 15 solar projects, totaling 625 megawatts (MW), to Exus for approximately […]
Northern Oil and Gas, Inc. (NYSE: NOG) has announced a definitive agreement to acquire non-operated interests in approximately 3,000 net acres in the Northern Delaware Basin, primarily in Lea and Eddy Counties, New Mexico. The company currently owns interests in about 90% of the leasehold, with current production averaging around 2,800 barrels of oil equivalent […]
El Paso Electric Company (EPE) has just released a compelling Request for Proposals (RFP) with the aim of amplifying renewable energy resources for its New Mexico clientele by the decisive year of 2027. This move aligns with the New Mexico Renewable Portfolio Standard (RPS) stipulations, which underscore the urgent need for sustainable and cost-efficient electric […]
Intel Foundry Services (IFS) and Tower Semiconductor have announced a $300 million agreement to extend their respective foundry footprints. Under this deal, Tower Semiconductor will make use of Intel’s advanced manufacturing facility in New Mexico. The investment will go toward acquiring equipment and other fixed assets, aiming to provide Tower Semiconductor with a new capacity […]