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About Hobbs,NM Hobbs was founded in 1907 when the James Isaac Hobbs (1852–1923) established a homestead and named the settlement. In 1910 the Hobbs post office opened, with James Hobbs as the first postmaster. By 1911 there were about 25 landowners in Hobbs. The small, isolated settlement expanded rapidly following the discovery of oil by the Midwest Oil Company in 1927. A refinery was built in the following year and in 1929 the town of Hobbs was officially incorporated.
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