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Head of New Mexico oil and gas group to retire
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Head of New Mexico oil and gas group to retire

ALBUQUERQUE, N.M. (AP) — The head of the New Mexico Oil and Gas Association will be retiring later this year and the industry group has launched a national search for his replacement.

Steve Henke’s last day will be Sept. 1. He has served as president of the group for the past six years. He previously was in charge of the Bureau of Land Management’s Farmington office.

Henke will be stepping down amid depressed energy prices that have curbed exploration and drilling nationwide. In New Mexico, the decline has left the state scrambling for revenues and oilfield and service businesses have been forced to lay off workers.

Henke said in a statement Friday that the association has a great staff that will be able to serve the industry in what he described as demanding times.

In related news, Austin Energy CEO tapped to lead Seattle utility.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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