PERRYMAN: Black Gold
Posted on July 16, 2019
By M. Ray Perryman Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. For well over a century, the vast reserves of oil and natural gas in Texas have contributed to business activity and job creation. We recently took a close look […]
Read Full DevelopmentPioneer Natural Resources remains upbeat about Permian Basin operations
Posted on July 16, 2019
Pioneer Natural Resources and other shale producers are having their high-flying wings clipped by investors concerned that the producers were spending far more than they were earning. Now, Pioneer is on a mission to show it – and the other producers – can generate profits as well as crude oil and natural gas. That includes […]
Read Full DevelopmentEctor County Solar Farm Breaks Ground
Posted on July 16, 2019
By Paul Wedding – pwedding@oaoa.com It was bright and sunny Tuesday afternoon as 174 Power Global officially broke ground on its new solar farm, a new project expected to provide solar energy to about 30,000 households. The farm, called Oberon Solar, is located on a 5,000 acre site in west Ector County near Monahans. 174 Power […]
Read Full DevelopmentConference Talking Permian Basin Water
Posted on July 16, 2019
By Paul Wedding – pwedding@oaoa.com Water is fundamental in the Permian Basin — not just for drinking, but for its use here in the oil and gas industry, and the challenges that water brings along will be discussed at a conference next month. Between nine and 15 million barrels of water are produced every day in […]
Read Full DevelopmentReport: Texas, Permian Lead the Way in Energy Security
Posted on July 16, 2019
As the nation celebrated its independence, a new report from Texans For Natural Gas details how the Lone Star State and the Permian Basin have led to national independence from imported oil. Texas is breaking oil and natural gas production records, and the Permian Basin recently surpassed Saudi Arabia’s Ghawar field as the world’s top […]
Read Full DevelopmentOdessa Marriott Hotel & Conference Center Holding Job Fair
Posted on July 16, 2019
The Odessa Marriott Hotel & Conference Center has scheduled a job fair from 9 a.m. to 7 p.m. Monday through Thursday and 9 a.m. to 5 p.m. Friday in the ballroom of The Copper Rose Building, 415 N. Grant Ave. (July 15-19, 2019) A broad range of positions are open, including supervisory positions. Hospitality jobs […]
Read Full DevelopmentPERRYMAN: Economic forecast for Texas’ small and mid-sized metropolitan areas
Posted on June 17, 2019
By M. Ray Perryman Communities across Texas are contributing to economic growth. Although the state’s largest metropolitan statistical areas (MSAs) are where the lion’s share of economic activity occurs, most of the smaller population centers are also performing well. For example, the Midland, Amarillo, Lubbock, and Odessa MSAs have been ranking among the lowest unemployment […]
Read Full DevelopmentTexas Mutual awards $100K for new safety institute
Posted on June 17, 2019
Texas Mutual Insurance Company has awarded a $100,000 grant to Odessa College to fund workplace safety courses for employers, workers and the general public. Texas Mutual — the state’s leading provider of workers’ compensation insurance — began this commitment to safety education at state colleges 20 years ago and has since awarded $7.6 million in […]
Read Full DevelopmentPERRYMAN: City population growth
Posted on June 17, 2019
By M. Ray Perryman Economic vitality drives population expansion, particularly migration, and Texas cities are growing rapidly. The U.S. Census Bureau recently released new population data which included estimates for city population changes from July 2017 to July 2018. Much of the time, economic series are tracked for “Metropolitan Statistical Areas,” which are normally one […]
Read Full DevelopmentWeatherford opens technology super center to increase cross training
Posted on June 17, 2019
Throughout history, the oil industry has experienced plenty of booms and busts. Mark Swift, the president of Weatherford’s Western Hemisphere, believes with the opening the company’s technology super center that it will eliminate extreme peaks and valleys. On Thursday morning, Weatherford hosted a ribbon cutting for the grand opening of its Oilfield Technology Super Center […]
Read Full Development