News

Midland, Texas has largest over-the-year jobs gain in September 2017 at 10.4%

From September 2016 to September 2017, employment increased in 283 of the 346 largest U.S. counties, the U.S. Bureau of Labor Statistics reported today. Midland, Texas, had the largest percentage increase with a gain of 10.4 percent over the year, above the national job growth rate of 1.0 percent.

Top Metros 2017

Midland is #9 on Site Selection Magazine's list of metros under 200,000 that are most likely to attract corporate growth. 

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Exxon Mobil will triple production in the Permian basin, the hottest US shale oil field, by 2025

Exxon Mobil on Tuesday said it will triple its production of oil and chemical feedstocks in one of the most productive shale basins in the United States and expand infrastructure to bring those products to market by 2025.

The announcement came one day after the world's largest publicly listed oil company said it would ratchet up its U.S. investments to $50 billion over the next five years, in part due to the benefit of recent U.S. tax cuts.

Engineering building beam placed during ceremony

The last critical structural piece for the University of Texas of the Permian Basin’s under-construction College of Engineering building was flown into place Monday during a “topping out” ceremony that celebrated the milestone.

Attendees were invited to sign the 18-inch-by 22-foot rigging beam, painted orange to match the school’s colors, before it was placed in the southwest corner of the building-to-be.

EIA: Permian to supply 68 percent of oil production growth in February

The Permian Basin will supply more than two-thirds of February’s gain in crude oil production across seven major regions in the U.S., according to the latest Drilling Productivity Report from the U.S. Energy Information Administration. The U.S. is forecast to add another 111,000 barrels per day in February to reach 6.549 million barrels per day with 68 percent of the increase coming from the Permian Basin. EIA forecasts Permian production will grow by 76,000 b/d to reach 2.87 million barrels per day. The Eagle Ford will add 15,000 b/d to 1.257 million b/d.

Susie's South Forty Confections adding jobs thanks to Midland Development Corporation

The world-famous candy company, Susie's South Forty Confections, will be adding 10 jobs over the next three years.

The additional hirings are part of an investment deal the business has with the Midland Development Corporation.

Susie's ships toffees, caramels, and fudges across the country and to dozens of countries.

But as demand continues to increase, store representatives say they need more production equipment.

Anadarko to build regional office in new Midland mixed-use development

The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) has picked out a site for its new regional office in Midland, Texas. 

It will be in Westridge Commons, a new 37.5-acre mixed-use development along Andrews Highway, according to a press release from Denver-based Continuum Partners and New York-based investment firm KKR & Co. LP (NYSE: KKR). Continuum and KKR — through its real estate fund, Real Estate Partners Americas I — formed a joint venture to develop the project.

Road bond campaign tops $200,000 in contributions

Midland businessman Brent Hilliard put his money where his heart was when it came to the campaign to pass a $100 million road bond this past November.

Hilliard contributed more than half of the $208,473 through donations — including those made as “non-monetary contributions” from a corporation — through his company, Hilliard Office Supplies, according to campaign finance reports. Monday was the deadline for filing the final report. Hilliard had filed Midland Road Bond’s final report last week.

Oil and gas company, Weir, breaks ground in Midland for new facility

Weir is finally calling Midland their home. The global oil and gas company is consolidating three of their service centers in both Odessa and Midland County into a $30 million facility. 

"We bought enough land that we can expand in the future," said Weir OIl and Gas President, Paul Coppinger. "We've got the capability if we add on product lines, or we can continue to expand our busieness. We can do that on this site."  

Weir Oil & Gas expands Permian presence with new customer service center

MIDLAND, Texas - Fort Worth-based Weir Oil & Gas today broke ground on a 92,000-square foot customer service center that will be located at the David Mims Business Park on Interstate 20. The new center reflects the company's strong commitment to the Permian basin region, consolidating three existing Permian-area service center locatios into one central location.  

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