Business News

Business

Next Bridge Hydrocarbons addresses SEC comments

Midland-based Next Bridge Hydrocarbons has announced a setback in its plan to offer 40 million shares of common stock.

Business

Next Bridge hires Houston-based attorney to investigate missing stocks

A local oil and natural gas exploration and production company has announced the hiring of Houston-based law firm Christian Attar.

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Business

The Preserve to bring natural recreation to Midland

The Preserve, a large-scale mixed-use development set to break ground in early 2025, will bring retail, office spaces, dining, and natural recreational areas to Midland. To be built on the former Nueva Vista Golf Club site, nearly half of the space will be dedicated to parks, open areas, and natural features.


Business

Diamondback Energy buys subsidiaries of Double Eagle

Diamondback Energy has announced the acquisition of several Double Eagle IV Midco, LLC consortiums for $3 billion and 6.9 million shares of stock.


Business

Midland Chamber cuts ribbon to Mackey Law Firm

The Midland Chamber recently assisted the Mackey Law Firm in celebrating the grand opening of its office with a ribbon-cutting ceremony, as noted in a Facebook post.


Business

New coffee shop slated for the northern portion of the city

A coffee shop is being developed at the Colonnade at Polo Park Shopping Center.


Business

Midland Development Corporation swears Garrett, Lacy in as new members of board of directors

The Midland Development Corporation (MDC) recently swore in Garrett Donnelly and J. Ross Lacy as new members of its board of directors.


Business

Element3 has produced battery-grade lithium carbonate from Midland Basin oil and gas wastewater

Element3, a Fort Worth-based company specializing in critical material extraction from oil and gas wastewater, has announced a significant achievement.


Business

Second Tractor Supply Co. slated for Midland

An American retail chain specializing in products for farmers, ranchers, pet owners, and landowners will develop a new store in the city.


Business

U.S. Energy to invest $1 billion in Permian Basin this year

U.S. Energy Development Corporation (USEDC), an exploration and production company, has announced plans to invest nearly $1 billion in operations within the Permian Basin.


Business

Texas Legislature honors Midland, Odessa chambers of commerce with resolutions

The Midland Chamber announced that both the Texas House of Representatives and the Texas Senate passed resolutions honoring it and the Odessa Chamber of Commerce at the conclusion of the 2025 Midland-Odessa Legislative Days.


Business

Midland, Odessa chambers of commerce celebrate 2025 Midland-Odessa Legislative Days in Austin

Representatives from the Midland Chamber and the Odessa Chamber of Commerce visited Austin from February 3 to 5 to participate in the 2025 Midland-Odessa Legislative Days.


Business

Diamondback Energy appoints Darin Holderness to Board of Directors

Diamondback Energy appointed Darin G. Holderness to its Board of Directors, according to a press release on Feb. 3.


Business

Ecopetrol, Oxy extend development agreement to drill 34 wells in Permian Basin

The partnership between Ecopetrol Permian LLC and Occidental Petroleum Corp has agreed to extend their development activities concerning Rodeo Midland Basin LLC.


Business

Gameday Men's Health signs 10-year lease on new Midland clinic

Gameday Men's Health has announced the signing of a 10-year lease with Gordon Cornerstone Partners for a new clinic located at 4400 Midland Dr., Suite 2200, within the Cornerstone Shopping Center.


Business

Midland heads the most dynamic metros in America list

Midland has been identified as one of the most dynamic metropolitan areas in the United States, according to a think tank specializing in economic trends.


Business

Scythian Energy to renovate building for $1.5 million

An oil and gas operator and consulting firm specializing in emerging technologies is set to renovate an office building in the central part of the city.


Business

Local office building to undergo $800,000 in parking renovations

An office building in the northern part of the city is set to undergo $800,000 in parking renovations, as indicated by a filing with a state regulatory agency.


Business

Local developer proposing storage facility

A local developer has received approval for rezoning to establish a warehouse storage facility, as confirmed during the January 21 meeting of the Planning and Zoning Commission.


Business

Cinergy Entertainment Group receives rezoning for proposed movie theatre expansion

Dallas-based Cinergy Entertainment Group has received approval for rezoning to expand the dormant Regal Cinema location.