News

August 15, 2014

XCOR Breaking Down Walls with Midland - One Step Closer to Space:

Wall Breaking Ceremony Marks Start of Hangar Renovation

August 6, 2014

By the end of the year the State of Texas should pass oil production of both Iran and Iraq. Talk about turn of events no one expected ten years ago.

Drilling in the United States hit a new record this week. 1,562 active rigs are working fields in the U.S. That’s the highest number since Baker Hughes began counting oil rigs by themselves in 1987.

America, is now expected to pass Saudi Arabia next year and become the largest oil producer in the world.

August 5, 2014

MIDLAND, TX (Local Big 2 News) -- It could be an international first here in West Texas. The Midland International Airport looks to become the first commercial international spaceport, but now it could be in jeopardy. That unprecedented takeoff could make an early departure, as SpaceX announces plans to build a launch site elsewhere in the state, much like XCOR here in Midland.

When you think of the Tall City, a few things come to mind. Oil, big rigs and spaceport?

July 30, 2014

WASHINGTON — The U.S. Defense Advanced Research Projects Agency has awarded contracts to three companies to develop concepts for an experimental spaceplane capable of flying 10 times in 10 days, according to a July 15 DARPA press release.

The companies selected to develop the XS-1 spaceplane concepts are: Boeing, working with Blue Origin; Masten Space Systems working with XCOR Aerospace; and Northrop Grumman with Virgin Galactic. 

July 30, 2014

Texas ranked #2 in Area Development's fifth annual Top States for Doing Business survey of site consultants in 2014.

Read full article here.

July 24, 2014

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.

July 21, 2014

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.

July 11, 2014

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.

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