- Associated Press - Tuesday, July 5, 2016

HOBBS, N.M. (AP) - A Texas-based oil company is constructing a $6 million headquarters in southeastern New Mexico’s Permian Basin.

The Carlsbad Current-Argus reports (https://bit.ly/29wqV1R ) that the Mewbourne Oil Company says it is building the 32,000-square-foot headquarters in Hobbs to provide more space for its 120 employees in the region.

Mewbourne operates about 2,000 total wells. It has added modular offices and trailers to accommodate its growth.

President Ken Waits says the private company was doing very well before the downturn in the oil and gas industry.

He says Mewbourne is working with Carlsbad-based NPSR Architects and Hobbs-based Lasco Construction. Construction began last month and is expected to take a year to complete.

Economic Development Corporation of Lea County President Steve Vierck says the project is a vote of confidence in southeastern New Mexico.

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Information from: Carlsbad Current-Argus, https://www.currentargus.com/

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