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Oil Companies Accused of Massive Accounting Fraud in New Mexico

An oil pumpjack working at sunrise.

Suit claims ExxonMobil and others underreported debts by $194 million, calling it “a playbook” for how companies dump old wells and expenses on states. by Jerry Redfern, Capital and Main This story was originally published at Capital and Main, a NMPBS partner. Oil companies ExxonMobil, Empire Petroleum and their subsidiaries engaged in accounting fraud that…

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New Mexico in Focus is on hiatus as our team gears up for coverage of the general election; we'll be back with all new journalism in October.