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Recent Developments

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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Housing Coalition Proposed to Solve Crisis

Posted on April 1, 2019

By Paul Wedding The results of a months-long housing study were presented to the Odessa City Council and the Odessa Development Corporation Tuesday afternoon, and ODC is already proposing to develop a workforce housing coalition to begin addressing the ongoing housing crisis. Community Development Strategies, a Houston-based consulting firm, conducted the study, and CDS President Steven […]

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Odessa Development Corporation Addresses Housing Crisis

Posted on April 1, 2019

Since 2010 over 2,500 new apartment complex units were built in Odessa, but the city has seen nearly 17,000 new residents ODESSA, TX (KWES) – For the last few years, Odessa has experienced a housing crisis. Odessa residents are familiar with the skyrocketing rent prices that come with the crisis. Tuesday night at a joint […]

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Housing Company Opening in Odessa

Posted on April 1, 2019

By Odessa American Copious Creations, a company providing custom housing and containers, which they say will help to solve the ongoing housing shortage in the city, is hosting its grand opening this Thursday. The grand opening will take place at 11 a.m. Thursday at 4609 Rasco Ave., near 42nd Street and County Road West. They provide […]

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