Midland: Weathering the Downturn in Crude Oil Prices

With crude oil prices at their lowest levels in years, municipalities that depend primarily on the oil and gas industry for their economic vitality are suddenly at risk of seeing drastic slowdowns in the local economy, and possibly some red ink. One such city is Midland, Texas, an oil and gas town like few others. Oil is its lifeblood, and throughout its history, the Tall City has experienced many up-and-down cycles in the energy industry. So, how is it weathering the current one?

Abbott reappoints Midland’s Mickey Long to Tech System’s Board of Regents

Texas Gov. Greg Abbott reappointed Mickey Long of Midland to the Texas Tech University System Board of Regents, his office announced last week.

Long, the president of Westex/WLP Well Service, originally was appointed by former Gov. Rick Perry in 2009. He served as board chair the past two years.

Abbott also appointed Christopher M. Huckabee, CEO of Huckabee Architecture, Engineering and Program Management, and Ronnie “Ron” Hammonds, manager and owner of Grason Communities LLC, a Houston-based real estate investment firm.

Luminox becomes the official partner of XCOR Aerospace

Luminox announced that its partnership with SXC (currently known as XCOR Space Expeditions) has been extended to XCOR Aerospace, and it is now the official watch partner of XCOR Aerospace.

As creator of the XCOR Lynx, the most innovative commercial spacecraft ever built, XCOR Aerospace recently acquired SXC (Space Expedition Corporation, currently known as XCOR Space Expeditions). Lynx will make suborbital flights into space up to an altitude of 104 km.

Midland Ranked 6th Best Performing Small City in the US

Small Cities 2014

Midland, TX MSA
Overall Rank: 6
Population: 151,468

MIDLAND, TEXAS, edged down one spot to sixth in the 2014 index. Despite the drop, the metro's performance was exceptional in one- and five-year job and wage growth, ranking first on all four measures.

Read Full Article Here / includes graphs and charts

Midland Ranked First in State for Job Creation

The Real Estate Center at Texas A&M offers a Monthly Review of the Texas Economy:

Read full report here

XCOR Aerospace Announces Latest Milestone in ULA Program

XCOR Aerospace today announced it has completed the latest test series for the liquid hydrogen engine it is developing for United Launch Alliance (ULA). This is an important milestone in the long-running LH2 (liquid oxygen and liquid hydrogen) program. It is also a step toward running the engine in a fully closed cycle mode.

Orbital Outfitters Breaks Ground on Texas Facility

WASHINGTON — The Texas city hosting the newest commercial spaceport in the United States will also be home to a facility one company is building for the development and testing of pressure suits and other space hardware.

An Oct. 27 ceremony at the Midland International Air and Space Port in Midland, Texas, to mark the receipt of a spaceport license from the Federal Aviation Administration’s Office of Commercial Space Transportation also served as a groundbreaking for the Midland Altitude Chamber Complex at the airport.

West Texas Now the Heart of America's Oil Boom

LONDON, September 29, 2014 /PRNewswire via COMTEX/ -- LONDON, September 29, 2014 /PRNewswire/ --

The Permian basin, now the nation's most productive, is churning out ever-increasing volumes of crude. As of September 2014, the Permian is producing 1.7 million barrels per day (bpd), much more than more well-known oil producing areas like North Dakota's Bakken or South Texas' Eagle Ford.

Companies detail spaceport altitude chamber

The design of Orbital Outfitters’ altitude chamber complex, one of the key components of Midland International Airport’s spaceport, was unveiled in-depth Wednesday during a Midland Development Corp. meeting.

The complex features three chambers -- a vacuum system, an observation room and safety support systems -- according to a presentation made by co-developers Holder Aerospace and Orbital Outfitters. Two of the chambers will be used to test the space suits that Orbital Outfitters are custom-building for XCOR Aerospace’s Lynx space vehicle.