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Recent Developments

GIVING BACK: OC gets grant for workplace safety courses

Posted on May 14, 2019

With a $100,000 infusion from Texas Mutual Insurance Co., Odessa College plans to ramp up its driver education programs to help make the Permian Basin a safer place to live. The funds also will be used for workplace safety courses for employers, workers and the general public. The check was presented to OC President Gregory […]

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Odessa businessman donates to Odessa College

Posted on May 14, 2019

Odessa businessman Austin Keith and his wife, Michelle, have donated $100,000 toward learning lab renovations at Odessa College’s Learning Resources Center in the Murry H. Fly Building. An oversized check was presented at the library Thursday. Executive Director of Advancement Jacqui Gore thanked the Keiths for everything they have done for Odessa College over the […]

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PERRYMAN: The short-term outlook for the Texas economy

Posted on May 14, 2019

By M. Ray Perryman The Texas economy is coming off a very strong 2018, and the state is attracting more major corporate locations and expansions than any other by a wide margin. At the same time, Texas’ most significant export industry, oil and gas, is growing at a phenomenal pace, and the entire state economy […]

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The Permian Basin is now the world’s top oil producer

Posted on May 14, 2019

  (BY: ROBERT RAPIER, FORBES)   We don’t know for certain the reasons, but we now have this report from Saudi Aramco that Ghawar produced 3.8 million BPD in 2018. The Energy Information Administration reports that the Permian Basin is now producing 4.2 million BPD. For all of 2018 the Permian Basin averaged 3.4 million […]

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Permian Road Safety Coalition looking to make local roads safe

Posted on May 14, 2019

WEST TEXAS (KOSA) — The Permian Road Safety Coalition has announced that it has become a not-for-profit organization as it works to make roads in the Permian Basin safe. The organization has named Scott W. Scheffler as its Executive Director and features a board of directors with representatives from Anadarko, ConocoPhillips, Noble Energy and Shell. “Simply […]

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UTPB campus transformation project to begin

Posted on May 14, 2019

ODESSA — The University of Texas of the Permian Basin has asked the legislature for more than the $39 million it usually receives — hoping to improve staff and faculty recruitment and retention, upgrade and renovate facilities and infrastructure and improve the overall quality of life on the campus. UTPB President Sandra Woodley said the […]

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UTPB forms partnership with XTO Energy

Posted on May 14, 2019

College of Engineering agreement adds to those in existence with MC, OC ODESSA — The University of Texas of the Permian Basin’s College of Engineering recently formed partnerships with XTO Energy, Midland College and Odessa College — possibly giving the program a larger competitive advantage over other higher-education engineering programs nationwide. The program recently began […]

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Acquisition advances Permian’s role in Chevron’s future

Posted on May 14, 2019

Just last month, Chevron joined ExxonMobil in announcing plans to leverage their Permian Basin assets into almost 2 million barrels of new oil output in the next five years. Friday, Chevron took a major step in its goal of reaching 900,000 barrels of production per day from its Permian unconventional assets by agreeing to acquire […]

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ODC Talks Housing Plans

Posted on May 14, 2019

The Odessa Development Corporation met Thursday to discuss ideas for a structure to get workforce housing, while still making little headway. ODC Board Member Gene Collins said during the meeting he was under the impression ODC would meet with the City Council for a workshop regarding a matrix, or structure, to address developing additional workforce […]

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California Company Seeks to Build $1 Billion Refinery in Permian Basin

Posted on April 1, 2019

A California company is seeking to build a $1 billion refinery that will make gasoline and diesel near the Permian Basin town of Kermit. Meridian Energy Group announced plans on Monday that it has partnered with a subsidiary of the Houston energy conglomerate Winkler Companies and is seeking to build a 60,000 barrel per day […]

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