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Texas' oil industry approaches records

All signs pointed to a slowdown in the state's oil and gas industry last year, but Texas production instead intensified to near-record levels, spurred by higher-than-expected oil prices driven by overseas turmoil, a new industry report shows.

Statewide crude oil production is now poised to surpass its 1972 all-time high within two years, said Karr Ingham, an economist for the Texas Alliance of Energy Producers.

Texas Jobless Rate for June Steady at 5.1 Percent

Last month's seasonally adjusted figure matched the May jobless rate for Texas, halting three months of declines in statewide unemployment rates. The nationwide jobless rate for June was 6.1 percent.

"Our economy continues to offer diverse opportunities to job seekers," said Commissioner Ronny Congleton, representing labor. "From teachers and health care workers to truck drivers and accountants — Texas is hiring."

Leading Locations for 2014: U.S. Metros Ranked for Economic and Job Growth

Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. A diversified economic base tops the most desirable traits.

XCOR Aerospace Hangar Sign

 Midland, TX (Big 2 News) - An XCOR Aerospace sign is now mounted on a hangar in Midland International Airport, a sign of things to come.

"We're gonna have a lot of our employees here 10, 12 hours a day. It's a 60,000 square foot space and there's a lot of room in there," said Brad Hartman, commercial division manager and master electrician for Electrical Maintenance & Construction.

Brad Hartman, from electrical maintenance and construction put in a bid with the general contractor, Western LLC, to do the work for XCOR.

XCOR One Step Closer to Becoming Reality

MIDLAND - A preliminary launch schedule for XCOR Aerospace at the Midland International Airport, shows the company will be sending it's spaceplane into orbit twice a week by 2015

The company applied for a spaceport license with the Federal Aviation Administration. The deadline to approve or deny the license is September 15th.

If approved, the Midland International Airport would be the first to offer both commercial and space flights.

It is on schedule to send two planes into orbit per day by 2018.

Midland ranked No. 2 ‘best place in Texas’

Midland is the second best place in all of Texas, according to one real estate brokerage firm.

Virgin Galactic Helps Build the New Space Age in the Mojave Desert

XCOR Aerospace is shifting many of its employees from Mojave to a new research and development complex in Midland, Texas, thanks to $10 million in economic incentives.

Aerospace firms start recruiting in prekindergarten

University of Southern California mechanical engineering junior Stephanie Balais developed a passion for aerospace after joining the university’s AeroDesign team and helping to construct an airplane fuselage hours before transporting the plane to a competition in Kansas.

As internships beckoned, she applied to many top defense and aerospace firms. But Microsoft Corp. snagged her first. This summer, Balais, 20, will spend 13 weeks in Redmond, Wash., working in the tech giant’s manufacturing and supply chain department.