Business News
Endeavor Energy Resources deemed largest sale tracked by Enverus
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated software as a service company, has released its summary of the first quarter of 2024 upstream mergers and acquisitions (M&A) activity.
Midland Development Corporation approves lease agreement for rocket production site
The Midland Development Corporation (MDC) approved a lease agreement for Castelion Corporation to build a rocket production and testing site in Midland. The board voted to approve the agreement during a meeting on April 25.
Latest News
ProPetro announces expansion, extension of share repurchase program
By DaLeesa Brown | Apr 25, 2024
ProPetro Holding Corp. has unveiled an expansion and extension of its share repurchase program in a press release on April 25. The announcement was made following approval by the Company's Board of Directors. The expansion and extension allows for the repurchase of up to an additional $100 million of the company's common shares, doubling the total authorization to $200 million.
Delta Airlines resumes Midland-Austin service
By Midland Times | Apr 24, 2024
Residents of Midland have been granted an additional route to Austin, following the city's announcement of Delta Airlines' reinstated service between Midland International Air & Space Port and Austin-Bergstrom International Airport, effective from April 22. This marks a significant return as it has been a decade since a Delta aircraft last bridged the gap between the Permian Basin and the state capital.
Infinium partners with Kinetik Holdings to advance carbon capture, eFuels production
By DaLeesa Brown | Apr 23, 2024
Infinium, a producer of ultra-low carbon electrofuels ("eFuels"), has entered into an agreement with a subsidiary of Kinetik Holdings, a midstream energy company, to purchase carbon dioxide captured from Kinetik's gas processing system in the Permian Basin.
Airline passengers in Midland increased by nearly 11% this fiscal year
By City of Midland | Apr 20, 2024
The number of airline passengers flying out of Midland International Air and Space Port has increased by 10.89% halfway through the fiscal year.
Empowering Entrepreneurs: The Impact of the Midland Entrepreneurial Challenge
By Midland Times | Apr 16, 2024
The Midland Entrepreneurial Challenge, an annual competition hosted by the Midland Development Corporation (MDC) and administered by the University of Texas Permian Basin (UTPB), stands as a vital opportunity for small businesses and startups in Midland, Texas. As one participant highlighted, "The Midland Entrepreneurial Challenge is more than just a competition; it's a lifeline for small businesses and startups in Midland city limits."The challenge, which spans from fall to winter and includes seminars and phases for businesses to engage in, aims to cultivate innovation...
Permian Resources Corporation to announce 2024 first quarter earnings in May
By Midland Times | Apr 15, 2024
Permian Resources Corporation is set to release its first quarter earnings for 2024 in May, as stated by the company.
Midland Chamber of Commerce hosts annual State of Midland Luncheon
By DaLeesa Brown | Apr 12, 2024
The Midland Chamber of Commerce held its annual State of Midland Luncheon on April 11 at the Bush Convention Center. A speech from the keynote speaker, Mayor Lori Blong, took place, followed by a panel discussion with former Midland Chamber of Commerce chairmans. Over 630 attendees were reported at the luncheon.
Changing Life Trends Will Affect Future Entrepreneurs. Five Things You Need To Know
By Midland Times | Apr 12, 2024
Steve Jobs, a visionary in the tech industry, once described the process of analyzing various information sources as "collecting dots." According to Jobs, this method involves delving into historical and future trends simultaneously. He emphasized the importance of synthesizing diverse data points to gain insights into the future, stating, "Well, you gather all this ‘information’ and collate it into dots to see where the dots of information intersect, where they lineup and where they might point into the future."Highlighting the significance of understanding future...
Texas Chapter of Space Force Association to join meet and greet event
By DaLeesa Brown | Apr 10, 2024
The Texas Chapter of the Space Force Association (SFA) is set to make its debut in Midland on April 11, with an event aimed at promoting and developing the aerospace industry in the region. The event, hosted at Second Story Coworking, located at 223 W. Wall Suite 200, is scheduled to commence at 5 p.m. and is open to the public, free of charge.
The Preserve is set to redefine Midland’s landscape
By DaLeesa Brown | Apr 10, 2024
A project is underway in the heart of Midland to create a green space unlike anything the city has seen. Developers of The Preserve say the new 178-acre development will be transformative, and describe it as a blend of natural beauty, recreational opportunities, and retail experiences.
Midland Development Corporation board meeting recap: April 8
By DaLeesa Brown | Apr 8, 2024
The Midland Development Corporation (MDC) held a board meeting on April 8 at 10 a.m.
Civitas Resources joins as Permian Strategic Partnership's 29th member
By DaLeesa Brown | Apr 8, 2024
The Permian Strategic Partnership (PSP) announced the addition of Civitas Resources as its newest member in a release. Civitas Resources joins as the 29th member of the PSP’s group of contributing members.
Paxton: I will hold any company responsible if they fail to maintain the standards required by the law
By Midland Times | Apr 7, 2024
In late March, Texas Attorney General Ken Paxton initiated an investigation into Spirit AeroSystems Holdings, a component supplier for Boeing. This action followed a sequence of unfortunate incidents involving the major aircraft manufacturer. Paxton expressed his concern over the situation, stating "the potential risks associated with certain airplane models are deeply concerning and potentially life-threatening to Texans." A press release from the Office of the Texas Attorney General on March 28 indicated that Spirit AeroSystems is accountable for the fuselages of Boeing’s...
Site Selection Consultants Redefine Risks that Impact Business Investment Decisions
By Midland Times | Apr 5, 2024
A primary research study, The State of Site Selection, has identified the top trends impacting facility location decisions globally in its third edition. The report, a joint release by the Site Selectors Guild (the Guild) and Development Counsellors International (DCI), sheds light on crucial factors influencing business investment decisions.According to the report, "The first edition of this report was released in March 2020, just days before the COVID-19 shutdown." This timing underscores the significant shift in global business landscapes brought about by the pandemic....
Eclipse shines light on airport improvement program
By Midland Times | Apr 3, 2024
The Federal Aviation Administration has issued a warning regarding the upcoming total solar eclipse, emphasizing the potential busyness in both airspace and airport parking lots. In light of the celestial event set to grace the skies on April 8, the FAA highlights the importance of acknowledging the efforts dedicated to supporting Texas aviation.As the eyes of Texas turn towards the moon in early April, many are anticipated to flock to airports for a prime view of the solar phenomenon. The FAA's message serves as a reminder that the eclipse not only captures attention in...
Head Above Water Midland announces new indoor natatorium
By DaLeesa Brown | Apr 1, 2024
Head Above Water Midland, a local swim school that provides swim lessons and water safety courses, announced the construction of a new indoor natatorium. Located at 1009 and 1011 W. Illinois, the new facility’s location was chosen in downtown Midland to make it convenient for families.
Imperative Chemical Partners acquires Western Chemical
By DaLeesa Brown | Mar 29, 2024
Imperative Chemical Partners, a leading provider of chemical services, has acquired Western Chemical, an oil and gas chemical services provider.
Permian Basin Water In Energy Conference held at ‘the heart of the oil business of the entire United States’
By DaLeesa Brown | Mar 25, 2024
The University of Texas Permian Basin (UTPB) recently hosted the 2024 Permian Basin Water In Energy Conference (PBWIEC) to discuss innovative strategies for water use, recovery, and recycling in oil production.