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Recent Developments

Odessa is one of the hardest working cities in the United States, according to a recent study

Posted on January 3, 2019

The hardest working people in America Hard work has always been part and parcel to the American Dream. Per the Organization of Economic Co-operation and Development, the United States is ranked 14th among the major industrial nations for the number of annual hours worked—two ranks above the OECD average, ahead of Japan, the UK, Germany, and Australia. […]

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USDOT Awards TxDOT $50M for Permian Basin Roads

Posted on January 3, 2019

The Texas Department of Transportation was recently awarded $50 million in federal grants to pay for critical improvements needed to address safety and connectivity in the Permian Basin. The TxDOT Odessa District received two Better Utilizing Investments to Leverage Development grants from USDOT to support road projects in Winkler, Glasscock and Reagan counties, a TxDOT […]

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OC Authorized to Offer Two Four-Year Degrees

Posted on January 3, 2019

The Commission on Colleges of the Southern Association of Colleges and Schools (SACSCOC) has authorized Odessa College to offer the bachelor of arts in applied science (BAAS) degree in automation and the BAAS degree in leadership and management. With SACSCOC approval, planning and scheduling of the coursework and classes for the two new baccalaureate degrees […]

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PERRYMAN: The long-term outlook for the Texas economy

Posted on January 3, 2019

By M. Ray Perryman The Texas economy has been among the fastest growing in the nation for a number of years. With more major corporate relocations and expansions than any other state, Texas is expected to continue to outperform most areas. Here is a look at key patterns affecting performance and a summary of my […]

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Researchers Say Permian Producers Set to Weather Renewed Price Volatility

Posted on January 3, 2019

A year filled with mega-deals and resurgent geopolitical tensions and price volatility is setting the stage for what the energy research and consulting firm Wood Mackenzie says will be a “fascinating” 2019 for the upstream oil and gas industry. The recent plunge in crude oil prices justifies the sector’s conservative mindset in setting their portfolios […]

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The Top Drillers in Texas in 2018

Posted on January 3, 2019

The proof is in the numbers. Crude oil traded above $60 per barrel for most of 2018, and the higher prices resulted in more drilling activity in Texas, data from the Railroad Commission of Texas shows. Some 1,020 oil and natural gas companies asked state regulators for 13,294 original drilling permits through Dec. 26 of […]

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Bull’s Eye On US’ Permian Basin as Oil Prices Rise

Posted on December 12, 2018

ALBUQUERQUE, N.M. (AP) — Some of the largest energy companies in the U.S. have already invested billions of dollars on claims up and down the Texas-New Mexico state line, tapping one of the nation’s richest and most prolific oil and natural gas regions. Now the stakes just got higher, as the U.S. Geological Survey released a […]

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USDOT Awards TxDOT $50M for Permian Basin Roads

Posted on December 12, 2018

The Texas Department of Transportation was recently awarded $50 million in federal grants to pay for critical improvements needed to address safety and connectivity in the Permian Basin. The TxDOT Odessa District received two Better Utilizing Investments to Leverage Development grants from USDOT to support road projects in Winkler, Glasscock and Reagan counties, a TxDOT […]

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OUR VIEW: It’s a New Day as Basin Becomes a Powerhouse

Posted on December 7, 2018

THE POINT: Working together will help make our community better, safer and more engaged.   Prospects for a bright future for the Permian Basin just got a lot brighter. We direct your attention to this guest view piece in which leaders of 17 major energy companies are announcing a unified effort to work with communities to make […]

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GUEST VIEW: An Extraordinary Partnership For Extraordinary Times

Posted on December 7, 2018

Guest View As leaders of major energy companies operating in the Permian Basin, we often engage in spirited competition with each other for quality workers, leases and equipment, and to make our individual companies the best operators and service providers in the industry. But a once-in-a-generation opportunity has brought us together for a common purpose […]

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