Midland Times

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Business

Second quarter 2024 results released by AST SpaceMobile

AST SpaceMobile has announced business updates and second-quarter results ending on June 30. The Midland-based company utilizes advanced machinery in its mission to connect the unconnected with space-based cellular coverage.


Business

Valor makes the 2024 Inc. 5000 list

A Fort Worth-based comprehensive oil and gas asset management solutions company that provides back-office outsourcing, regulatory compliance, and consulting for clients has been named to the 2024 Inc. 5000 list.


Business

Construction of $1 million bar project expected to begin in November

A new bar is coming to the western portion of the city with development expected to begin this fall, according to a state filing with a regulatory agency.


Business

Endeavor Energy Resources founder Stephens dies at 86

Midland-based privately-held exploration and production company Endeavor Energy Resources is mourning the loss of its founder and chairman of the board, Autry C. Stephens. Stephens passed away on August 16 at the age of 86.


Business

Midland County Courthouse undergoing renovations on seventh floor

A portion of the seventh floor at the Midland County Courthouse is currently undergoing a $136,007 renovation, according to a filing with a state regulatory agency.


Business

Founder of Endeavor Energy Resources passes away at age 86

Endeavor Energy Resources, LP Mourns Passing of Founder Autry C. Stephens


Business

PermiCare’s Midland office slated for $756,000 renovation

A local facility that seeks to enhance the behavioral and developmental health and wellness of people within the community will undergo a $756,000 renovation, according to a filing with a state regulatory agency.


Business

Midland recognized as a top place to live in the Southwest by Livability

Midland was named one of the top 25 best places to live in the Southwest by Livability.com. Landing at number 20, the community is highlighted for its iconic skyline and its oil and aerospace industries. The affordable nature of Midland contributed to its inclusion on the list, making it a notable place to live, work, and raise a family.


Business

Midland Chamber invites members to attend Festival of Trees Sponsor Soirée

The Midland Chamber has announced that its members are invited to attend the Festival of Trees Sponsor Soirée on September 10 from 5 p.m. to 7 p.m. at the Apex Club at 15 Smith Rd., Ste 2222.


Business

Point Energy shale assets acquired by joint venture for $1.1 billion

A joint venture between Northern Oil and Gas and Vital Energy will pay $1.1 billion for the rights to U.S. shale assets from private equity-owned Point Energy Partners. Those assets include the Delaware patch of the Permian Basin, which runs through Texas and New Mexico.


Business

Midland’s new Costco to be largest in Texas, City Council finalizes $50M deal

On Aug. 13 during a Midland City Council meeting, council members and the mayor approved an agreement with the Midland Development Corporation and Costco Wholesale Corporation to establish a new Costco facility in Midland. This development is expected to boost the local economy, featuring a 174,000 square-foot store with a $50 million capital investment.


Business

United Way of Midland planning $1.3 million renovation facility project

The United Way of Midland (UWM) is expected to spend a year adding a new addition to its facility and renovating its existing building, according to a filing with a state regulatory agency.


Business

Culligan Water Conditioning of West Texas undergoing $100,000 renovation

Culligan Water Conditioning of West Texas is currently undergoing a $100,000 alteration at its facility located on 10018 West Business 20. The project was reported in a Texas Department of Licensing and Regulation (TDLR) filing.


Business

Emerging aerospace markets see surge in federal funding

The aerospace and defense (A&D) industry is experiencing a transformative period marked by significant shifts in federal funding towards emerging markets. This article examines the trends in federal funding, the rise of new A&D hubs, and the strategic considerations companies must navigate to capitalize on these opportunities.


Business

Midland Development Corporation to discuss $50M Costco in West Midland

The Midland Development Corporation (MDC) board will meet on Aug. 12 at 10 a.m. to discuss a development project involving the City of Midland and Costco Wholesale Corporation.


Business

Local developer slated to construct $1.2 million facility

A local general contractor known for custom and residential development is slated to begin construction on a 13,902 square-foot building.


Business

Nevada-based investor buys Blue Ridge Apartment Homes

A subsidiary of the Nevada-based investor Troesh Family Foundation has purchased Blue Ridge Apartment Homes for $42 million.


Business

Midland Chamber cuts ribbon to celebrate full renovation of Holiday Inn Express Midland Loop 250

The Midland Chamber joined Holiday Inn Express Midland Loop 250 and Insignia Hospitality Group in cutting a ribbon to celebrate the full renovation of the lodge at 5309 W. Loop 250 North.


Business

Permian Strategic Partnership discusses HERO Program for Permian Basin

On Aug. 6, the Midland County Commissioners Court convened to discuss a proposal from the Permian Strategic Partnership (PSP) during their meeting. A presentation about the Highway Emergency Response Operator (HERO) Program was given by PSP CEO and President Tracee Bentley.


Business

YMCA child care center proposal faces opposition at Midland Planning and Zoning Commission meeting

The City of Midland Planning and Zoning Commission held a meeting on Aug. 5 to discuss a request by LCA Inc., on behalf of the YMCA of Midland, for a Specific Use Designation (SUD) without term for a Child-Care Day-Care Center on Lot 1, Block 1, YMCA Addition, Section 1, City and County of Midland. This proposed child-care center would span approximately 7 acres of land owned by the YMCA, located on the southwest corner of Avalon Drive and Mockingbird Lane.