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
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.