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Recent Developments

Cogent Energy Services Expands Odessa, Texas Facility

Posted on July 12, 2018

Area Development News Desk 07/12/2018   A coiled tubing company, Cogent Energy Services is expanding its Permian Basin facilities with a new 7,500 square foot facility on 4.5 acres of land in Odessa, Texas. The facility, on I-20 at the FM 1936 exit, was built to accommodate Cogent’s coiled tubing fleet, specifically its 2 3/8″ unit […]

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Odessa Ranked the 3rd Best Job Market in the Country by Zippia

Posted on July 10, 2018

Although wishful thinking allows us to imagine how great it’d be to get paid for doing nothing, the stats don’t lie – you need to work to make money. Unless you’re the Kardashians, maybe? Either way, with the economy roaring and the job market being the best its been in some time, we wanted to delve […]

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Wesley R. Burnett Awarded Re-certification in Economic Development

Posted on June 29, 2018

For Immediate Release Wesley R. Burnett Awarded Re-certification in Economic Development Odessa, Texas (June 28, 2018) – Wesley R. Burnett, Director of Economic Development in Odessa, has been awarded re-certification by the International Economic Development Council (IEDC) effective April 1, 2018.  Burnett first achieved the Certified Economic Developer designation in 2003.  CEcD re-certification, required every […]

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Petroleum economy jumps 28 percent

Posted on June 8, 2018

Takeaway constraints may prompt producers to tap the brakes, economist says. The Permian Basin has learned to do more with less in the aftermath of the crude oil price downturn. The region’s crude output is at record highs, and oil and gas employment has surpassed its previous highs, though the Texas Permian Basin Petroleum Index […]

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PERRYMAN: It is no accident that Texas is experiencing strong growth

Posted on June 7, 2018

By Ray Perryman Texas cities are dominating national expansion. The U.S. Census Bureau recently released estimates of population growth between July 2016 and July 2017, and Texas cities top the list both for the number of new residents and the fastest rate of growth. San Antonio added more new residents than any city in the […]

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More homes, more flights; Odessa EDC outlines growth

Posted on June 5, 2018

By Tatum Guinn   ODESSA – Odessa continues to see huge growth. The Odessa Economic Development Corporation is giving us a better idea of just how much growth our area is seeing. According to their most recent data report, 85 homes were approved to built in April. That’s 30 more than this time a year ago. The […]

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America’s ‘most prosperous’ city is in Texas. It is not Austin…

Posted on June 5, 2018

America’s ‘most prosperous’ city is in Texas. It is not Austin… May 31, 2018 By Amanda O’Donnell You might consider Austin a pretty nice setup. Plenty of sun, a growth rate that cannot be stopped and a wealth of job opportunities. Despite these prosperous-sounding factors, and despite the whole being named “best place to live in America” for two […]

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OC board to consider solar company abatement

Posted on May 22, 2018

OC board to consider solar company abatement Odessa American oanews@oaoa.com Posted on May 22, 2018 by Odessa American The Odessa College Board of Trustees will consider a tax abatement agreement with Oberon Solar at its meeting set for 6:30 p.m. today (May 22) in the Zant Room on the second floor of the Saulsbury Campus Center, 201 […]

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Boom in West Texas oil patch lifts wages, prices

Posted on May 22, 2018

Boom in West Texas oil patch lifts wages, prices   MIDLAND, Texas (Reuters) – (This May 1 story has been refiled to correct name of professor to Lutz Kilian, not Kilian Lutz, in thirteenth paragraph.)  In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up […]

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Odessa College an Aspen Prize finalist again

Posted on May 17, 2018

OC an Aspen Prize finalist again By Ruth Campbell rcampbell@oaoa.com Odessa College has been named among the 10 finalists for the 2019 Aspen Prize for Community College Excellence. The announcement was made to members of the college board of trustees, community dignitaries, Ector County Independent School District Superintendent Tom Crowe and school board member Steve Brown […]

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