New Mexico
APA to sell New Mexico Permian assets to Permian Resources for $608m
APA Corporation (APA) has agreed to sell its New Mexico Permian assets to Permian Resources Corporation for $608m, subject to customary closing adjustments.
The properties in question are forecasted to yield 12.4 million barrels of oil equivalent per day (boepd) for the full year 2025, with oil making up 46% of this production.
The transaction is due for completion towards the end of the second quarter (Q2).
The company plans to primarily allocate the proceeds from the sale towards reducing its debt.
APA CEO John J. Christmann IV said: “We remain committed to focusing our portfolio on core assets where we are actively investing for the long-term. The New Mexico package represents less than 5% of our Permian oil production and unconventional acreage.”
In its recent quarterly report, APA disclosed a production figure of 469,000boepd. However, when adjusted to exclude Egypt’s non-controlling interest and tax barrels, the production stood at 398,000boepd.
APA has also secured natural gas basis swap agreements for approximately two-thirds of its firm transport capacity from the Permian to the Gulf Coast, covering Q2–Q4 2025.
The company has updated its full-year 2025 guidance for income from third-party oil and gas marketing activities to $575m, factoring in these basis hedges.
APA has made strides in improving efficiencies and reducing activities, which will decrease its 2025 development capital by $150m. Additionally, a $25m cut in exploration capital is expected to safeguard free cash flow in the face of fluctuating commodity prices.
APA now anticipates total realised savings on controllable spend for 2025 to be $130m, significantly exceeding previous forecasts.
On a run-rate basis, the company has set a new target of $225m in savings by the end of the year, a substantial increase from the previously estimated range of $100m–125m.
The company reported a net income attributable to common stock of $347m, or $0.96 per diluted share. After adjustments for items affecting comparability of results, APA’s Q1 earnings were $385m, or $1.06 per diluted share.
The net cash provided by operating activities amounted to $1.1bn, with an adjusted EBITDAX (earnings before interest, depreciation, amortisation and exploration) of $1.5bn.
New Mexico
1 dead following shooting involving Rio Arriba County Sheriff’s Office
CHIMAYO, N.M. (KRQE) – A suspect is dead following a shooting involving the Rio Arriba County Sheriff’s Office in Chimayo on Highway 76. Deputies are said to be okay. New Mexico State Police is investigating the shooting.
KRQE News 13 will provide updates as they become available.
New Mexico
Former NM GOP treasurer arrested after deadly Las Cruces hit-and-run
LAS CRUCES, N.M. (KFOX14/CBS4) — A leader in the New Mexico Republican Party was arrested Wednesday, accused of a deadly hit-and-run in Las Cruces.
Former Treasurer of the Republican Party in New Mexico, Kimberly Ann Skaggs, 54, was arrested Wednesday and charged with leaving the scene and tampering with evidence, jail records show.
Police documents show the charges stem from a deadly hit-and-run crash that happened Monday afternoon, which killed 40-year-old bicyclist, Andrew Brown.
Investigators believed Skaggs was involved after an investigation revealed that Skaggs allegedly was driving fast in the area, fled the scene after the crash and then tried to hide the vehicle from authorities.
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The investigation
According to police documents, a witness at the scene of the crash– 850 N. Fairacres Rd.– described seeing a dark blonde-haired woman flee in a black Cadillac Escalade SUV.
Afterwards, investigators said they saw on Flock cameras– A.I. powered license plate readers– a black Cadillac Escalade traveling near the site of the crash minutes before the incident.
READ MORE: Dona Ana County expands Flock license plate cameras as officials cite crime-solving gains
The license plates showed that the vehicle belonged to Skaggs and that, in September 2025, the Las Cruces Police Department had given her a citation for “racing on streets-exhibition driving.”
Investigators stated that a business on Picacho Ave. captured what they alleged was the same black Cadillac Escalade driving fast.
Then, the documents described how investigators tracked down the Escalade using OnStar’s live GPS tracking, discovering the SUV was at a property on the 5000 block of Northwind Road, which investigators said the Dona Ana County Assessors Office confirmed is a property owned by Skaggs.
On Tuesday, at around 6:41 p.m.– over 24 hours after the deadly hit-and-run– investigators executed a search warrant on the property and described finding the black Cadillac Escalade behind a home, under a red metal carport.
Investigators noted damage on the SUV consistent with the crash, highlighting that there was blood splatter near one of the front tires, markings on the front bumper consistent with hitting a bicycle and parts missing, which investigators said were the same parts found at the scene.
Dona Ana County jail records show Skaggs was booked on Wednesday afternoon and remains jailed without a bond.
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About Skaggs
On the official website of the Republican Party of New Mexico, Skaggs was listed as the treasurer before she was removed.
KFOX14/CBS4 has reached out to the Republican Party to learn more and are waiting for a comment regarding the arrest.
Also, according to election statistics, Skaggs ran for State Representative in District 36 in 2022 and 2024, losing both times to Democrat Nathan P. Small.
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New Mexico
Governor asks AG to investigate DEA agents over fentanyl in New Mexico
SANTA FE, N.M. – Gov. Michelle Lujan Grisham asked Attorney General Raúl Torrez to investigate whether any Drug Enforcement Administration agents broke state law when pills reached New Mexico streets.
In a statement, Lujan Grisham said, “make no mistake: the DEA knew people would die if these pills made it into New Mexico communities.”
The governor also shared a timeline from 2022 to 2025 that she said shows when she asked federal officials for help with New Mexico’s fentanyl crisis and violent crime.
Lujan Grisham said the first request came on June 21, 2022, when she wrote to then-Federal Bureau of Investigation Director Christopher Wray and asked for 50 additional federal agents.
She said she wrote to then-Attorney General Merrick Garland on Sept. 15, 2022, asking for more agents, resources and support for New Mexico law enforcement.
Lujan Grisham said she wrote Garland a second time on Aug. 8, 2023, with the same request.
What came next?
About a month later, Lujan Grisham said she sent Garland a third letter and said New Mexico needed more federal law enforcement to curb violent crime, drug trafficking and human trafficking.
She said her most recent request came on Sept. 4, 2025, when she wrote to former Attorney General Pam Bondi and again asked for additional agents and resources.
The governor’s statement says those requests span several years as she pressed the federal government for more help in New Mexico.
Full statement from Gov. Michelle Lujan Grisham:
“I am appalled by reporting this week by the Associated Press and Albuquerque Journal that revealed federal authorities made a deliberate decision to let hundreds of thousands of fentanyl pills flood into New Mexico communities, despite knowing that fentanyl is so lethal the White House has designated it a weapon of mass destruction.
Let me say that again: the Drug Enforcement Administration watched as 74,000 fentanyl pills were delivered to a mobile home park in Albuquerque, and they did nothing. And that’s just one transaction. Shockingly, the federal government stood by while monitoring shipments, tallying exact pill counts, and watching as these deadly drugs hit the streets.
There are no words to describe how reckless and dangerous these decisions were. Make no mistake: the DEA knew people would die if these pills made it into New Mexico communities, and the agency let it happen anyway. The result: hundreds of New Mexican parents burying their kids. Hundreds of New Mexican kids growing up without stable parents. All while the federal government stood by.
If the justification for letting these pills flood our communities was that it would somehow make New Mexico safer down the road through bigger eventual busts, the results say otherwise. New Mexico now leads the nation in the increase in overdose deaths for the second straight year, despite deaths dropping nationwide.
Today, I wrote to Attorney General Raúl Torrez and asked him to investigate whether any federal agents broke state law when they allowed lethal drugs to remain on our streets, and to prosecute anyone responsible — regardless of whether they are a federal agent or not.
I have spent years working across two administrations — writing letters, traveling to Washington, meeting directly with President Joe Biden and his cabinet, pushing for accountability, asking for more federal agents to be deployed to New Mexico to help fight this crisis.
- On June 21, 2022, I wrote to FBI Director Christopher Wray, imploring the FBI to assign no less than 50 additional agents to New Mexico to stem escalating drug trafficking and violent crime.
- On September 15, 2022, I wrote to Attorney General Merrick Garland, requesting that the Department of Justice provide additional federal agents, resources and support to New Mexico law enforcement. We asked the department to match the level of investigative, analytical, and technical resources the FBI had deployed in its Buffalo, NY surge.
- On August 8, 2023, I wrote again to Attorney General Garland, renewing my request that the DOJ expeditiously assign more federal agents to New Mexico.
- On September 7, 2023, I wrote to Attorney General Garland for a third time, reiterating my request once more federal law enforcement support to curb violent crime, drug and human trafficking.
- On September 4, 2025, I wrote to Attorney General Pam Bondi, once again requesting additional agents and resources.
I have declared the surge of drugs like fentanyl to be a public health emergency. I have deployed the National Guard to both Albuquerque and Española. While my administration was doing everything we could to stem the tide of fentanyl coming into our state, the federal government deliberately allowed it to flood in.
New Mexican lives are not the federal government’s cost of doing business.
I plan to hold the federal government accountable for this disaster and will explore every possible avenue of action against the federal government to right these wrongs.”
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