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Recent Developments

Permian could become world’s largest oil patch

Posted on April 26, 2018

Basin production expected to overtake Iran by end of the year   Photo: Michael Ciaglo/Houston Chronicle The Permian shale play is all about setting records. Now, the region will probably become the world’s largest oil patch over the next decade. The Permian shale play is all about setting records. Now, the region will probably become […]

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PERRYMAN: Texas economic forecast shows state still on top

Posted on April 26, 2018

By Ray Perryman The Texas economy has been growing at a relatively healthy pace and the Lone Star State is widely recognized as a good place to live and do business. Our most recent projections indicate that the state economy is set to continue its upward trend. Recovery in the energy sector is improving conditions […]

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Midland-Odessa on course to return to record-setting economic growth

Posted on April 26, 2018

Economic index could surpass highs set in era of $100 oil by summer   Photo: James Durbin/Reporter-Telegram Casing sits on a rack near Trinidad Drilling Rig 433 on Nov. 2, 2016, in Midland County. Midland and Odessa are on course to repeat or even surpass the white-hot economic growth of 2010-2014 that was fueled by […]

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Midland-Odessa on course to return to record-setting economic growth

Posted on April 26, 2018

Economic index could surpass highs set in era of $100 oil by summer Photo: James Durbin/Reporter-Telegram Casing sits on a rack near Trinidad Drilling Rig 433 on Nov. 2, 2016, in Midland County. Midland and Odessa are on course to repeat or even surpass the white-hot economic growth of 2010-2014 that was fueled by triple-digit […]

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Solar company investing in Permian Basin

Posted on March 22, 2018

One of the largest manufacturers of solar panels and solar cells in the country is looking at possibly building a solar project in Ector County — a potential $50 million investment. The project, called Oberon Solar, would consist of a 50 megawatt solar power plant on unused land in western Ector County. Each megawatt would […]

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Cryogenic gas processing plants cropping up throughout basin

Posted on March 22, 2018

Honeywell subsidiary UOP Russell is providing a third cryogenic gas processing plant to Brazos Midstream. The new plant will be similar to Brazos’ Comanche II plant and will process 200 million cubic feet per … more Natural gas processing plants are cropping up throughout the Permian Basin as the business opportunities created by the area’s […]

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New ODC board member appointed

Posted on March 22, 2018

Councilman cites acumen as small businessman.     Ted Tuminowski, owner of Diversified Warehouse, gives a tour Dec. 4, 2013, of one of the warehouses that is used to store a variety of materials for businesses from all around the world. The Odessa Development Corporation began 2018 with District 4 Councilman Mike Gardner appointing industrial […]

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Looking into Odessa’s economic growth for 2018

Posted on March 22, 2018

ODESSA — Oil prices finished out 2017 at over 60 dollars a barrel, just under 10 dollars more than the beginning of last year. Those are just the numbers, but if you really want to see the effects of a thriving oil and gas industry, all you have to do is take a look around your […]

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ODC approves $8M for OC

Posted on September 12, 2017

The Odessa Development Corporation approved awarding $8 million to Odessa College on Thursday, reasoning it would help grow the economy by providing equipment and facilities improvements used to train in-demand workers. The economic development sales tax grant, which the City Council must ratify before it becomes final, would be awarded over three years as reimbursements […]

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Technip FMC

Posted on August 3, 2017

TechnipFMC held their ribbon cutting at 8950 E. Interstate 20 on May 11, 2017. With the collaboration of the Odessa Development Corporation, this company settled in a community in which they described as having the best people in and around the Basin.

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