News

December 12, 2016

MIDLAND, Texas -- Tenaris has inaugurated a new service center in Midland, Texas—an investment critical to the deployment of Rig Direct, the company’s new business model of working directly with oil and gas customers to synchronize pipe manufacturing with drilling operations.

November 28, 2016

Oil and gas players are finally inking new mergers and acquisitions, after nearly two years of moribund deal activity.

Deal-making hit a soft spot following the 2014 oil bust as banks tightened lending to distressed drillers and buyers and sellers remained at odds over the value of energy assets. Now, climbing crude prices, easing capital markets, and a gold rush in Texas's prolific Permian basin are thawing a prolonged M&A freeze.

November 23, 2016

Texas ranked No. 4 overall in the nation, according to Forbes' annual Best States for Business list.

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November 17, 2016

Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas.

November 3, 2016

Midland, Texas (Nov. 3, 2016) – Sierra Nevada Corporation (SNC) and the Midland Development Corporation (MDC) today announce that Midland International Air & Space Port is now considered a compatible landing site for SNC’s Dream Chaser spacecraft.

October 3, 2016

Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities have figured out the key ingredients and how to stir the pot just right to sustain long-term prosperity. Patterns emerge within those cities, allowing us to identify the contributing factors that perpetuate a lasting cycle of growth.

October 3, 2016

Midland Memorial Hospital has been actively recruiting doctors over the past few years, and Midland Development Corp. has played a major role in funding the program. The Type A sales tax-funded organization agreed to continue funding its partnership with hospital.

September 21, 2016

LeoLabs Inc., a Silicon Valley startup preparing to build a worldwide network of phased-array radars to detect and track objects in low Earth orbit, plans to install a radar at Texas’ Midland International Air and Space Port, according to a Sept. 13 announcement.

September 15, 2016

The University of Texas of the Permian Basin received a second installment of $200,000 for its aeronautical engineering program from the Midland Development Corp. at the Mesa Building Wednesday.

UTPB received a $600,000 three-year commitment from the Midland Development Corp. and the Midland City Council in January for research and development of a concentration in aeronautical engineering within the mechanical engineering program.

September 13, 2016

September 13, 2016 (Midland, Texas) – The Midland City Council and the Midland Development Corporation (MDC) approved two agreements with LeoLabs, Inc., a company offering space debris tracking services.

The city of Midland has executed a License Agreement regarding city-owned property for the use of LeoLabs.

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