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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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.