Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Monday, September 17, 2012
New Mexico’s Yates Family Said to Seek Buyer for Oil Firm
Yates Petroleum Corp., one of the largest closely held U.S. oil producers, is seeking a buyer in a transaction that may generate billions of dollars, said three people with knowledge of the matter. The company, controlled by members of New Mexico’s Yates family, has solicited bids in recent days from some of the world’s biggest oil companies, said the people, who spoke on condition of anonymity because the matter is private. The company is working with JPMorgan Chase & Co. (JPM), the people said. Yates’s finances aren’t public, making it difficult for outsiders to estimate how much the company might be worth. Oil & Gas Financial Journal estimated in 2009 that Artesia, New Mexico-based Yates was the fourth-largest private oil and natural-gas company in the U.S., producing the equivalent of 8.77 million barrels of oil...more
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