A BIG TRANSACTION IN NEW MEXICO’S OIL AND GAS INDUSTRY. YATES PETROLEUM CORPORATION, BASED IN ARTESIA, IS BEING PURCHASED BY A TEXAS OIL COMPANY FOR TWO AND-A-HALF BILLION DOLLARS.
E-O-G RESOURCES OF HOUSTON IS THE LARGEST OIL PRODUCER IN THE CONTINENTAL U-S. YATES DRILLED THE FIRST COMMERCIAL OIL WELL ON NEW MEXICO STATE TRUST LANDS IN 1924.
