Mewbourne Oil Company has agreed to pay a $5.5 million penalty and undertake projects to ensure 422 of its oil and gas well pads in New Mexico and Texas comply with clean air regulations and offset past illegal emissions.
The Tyler, Texas-based oil and natural gas producer agreed to spend $4.6 million for preventative measures and to help address environmental harm caused by its violations in settlement of claims alleged in a civil complaint filed jointly by the U.S. Environmental Protection Agency (EPA) and the New Mexico Environment Department (NMED).
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.