HOBBS, N.M. (AP) - The southeastern New Mexico oilpatch city of Hobbs is thriving as oil prices soar. Subdivisions are going up and six multistory hotels are under construction.
City Hall moved into an empty bank building, spruced up by an 8 million dollar renovation. Trees grow along bustling streets as part of a beautification project. Municipal gross-receipts taxes have doubled since 2001, surpassing 36 million dollars during the past fiscal year.