Tag Archives: Odessa
Report: Is Permian Tight Oil Growth Sustainable?
A new study suggests oil production in the Permian Basin could peak as early as 2021 due to geological constraints. This was the downside scenario gamed out by researchers with industry intelligence company Wood Mackenzie. “We’re going to drill really … Continue reading
West Texas residents become U.S. citizens at Fort Davis naturalization ceremony
Eleven West Texas residents became U.S. citizens Monday during a naturalization ceremony at the Fort Davis Historic Site.
Texas Town’s Fortunes Rise And Fall With Pump Jacks And Oil Prices
The middle class has shrunk faster in Midland, Texas, than nearly anywhere else in the U.S. Overall, more people are getting rich than falling behind. But extreme booms and busts make life precarious.
The West Texas Wisdom of Rooster & Butch
The second season of West Texas Investors Club launches Tuesday (June 7) on CNBC, hosted by Rooster McConaughey and Butch Gilliam. Similar to the TV program Shark Tank, Rooster & Butch listen to a group of entrepreneurs each episode and then decide to … Continue reading
Moody’s Considers Credit Downgrades For Texas Governments Dependent On Energy-Related Tax Revenue
The credit rating agency Moody’s Investor Services reviewing its ratings for 10 local governments in Texas — including Midland and Odessa — and may issue downgrades within 90 days. The culprit is the precipitous decline in crude oil prices and … Continue reading
An Evening With David Sedaris in Odessa
This weekend, another public radio personality visited West Texas. About two weeks prior, Jad Abumrad of Radiolab gave a talk in Midland, and on Friday, David Sedaris appeared in Odessa. We got to know him from appearances on This American … Continue reading
Oil Price Drop Implies Possible Delay For Road Improvement
The oil and gas boom has put a lot of money back into the state’s highway fund through the collection of severance taxes–the money that the state earns on oil and gas extraction—but it’s never been enough. And already-overwhelmed roads … Continue reading
Midland-Odessa Stays Positive, but Oil Price Drop Won’t Be Easy
The falling price of oil is great news for consumers who are saving at the gas pumps, but in the center of the nation’s highest-producing oil field, cheaper gas means the economy’s hurting. Drilling is already slowing down, and people in Midland-Odessa … Continue reading
Investigation into Prison Bus Wreck Could Take More than a Year
Update Wednesday, January 21: The lone surviving prison guard in the prison bus wreck – Jason Self – continues to receive treatment at a hospital in Lubbock, after having recently undergone surgery. Meanwhile, two of the surviving prisoners have been discharged from … Continue reading
Prison Bus Wreck a Reminder of Dangerous West Texas Roads
State authorities say icy roads likely caused Wednesday’s prison bus wreck just west of Odessa that killed 10 people when the bus ran off an I-20 overpass and hit a train. The National Transportation Safety Board is still investigating the … Continue reading