Latest News
Turf Specialties expanding Midland location
By Midland Times | Aug 6, 2024
A landscaping and maintenance services company within the Permian Basin will be expanding its facility, according to a state regulatory agency.
Tiff's Treats launches in Midland, Odessa
By DaLeesa Brown | Aug 6, 2024
Tiff's Treats, a warm cookie delivery company based in Austin, launched two delivery-only outposts in Midland and Odessa on July 25.
Permian Resources declares quarterly dividends totaling $0.21 per share
By Midland Times | Aug 6, 2024
Permian Resources Corporation (NYSE: PR) announced that its Board of Directors has declared a quarterly base cash dividend of $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board declared a quarterly variable cash dividend of $0.15 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.21 per share. These dividends are payable on August 27, 2024, to shareholders of record as of August 19, 2024.
MRI space at Midland Memorial Hospital to undergo $200,000 renovation
By Midland Times | Aug 5, 2024
The MRI room within Midland Memorial Hospital Diagnostic Imaging Building will undergo a $200,000 renovation, according to the Texas Department of Licensing and Regulation (TDLR).
Permian Resources announces final results and expiration of tender offer
By Midland Times | Aug 5, 2024
Permian Resources Corporation Announces Final Results and Expiration of Tender Offer for Its 7.75% Senior Notes due 2026
Local airports host community events to boost engagement and tourism
By Midland Times | Aug 5, 2024
Local airports are increasingly becoming venues for community events, offering space, engaging activities, and convenient locations. These gatherings aim to highlight the economic impact of local airports and encourage community participation.
Firebird Energy leasing office space at Summit Center
By Midland Times | Aug 5, 2024
An upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin will lease office space at the Summit Center.
Chevron announces headquarters relocation from California to Texas
By Midland Times | Aug 2, 2024
Chevron Corporation will move its headquarters from San Ramon, California, to Houston before the end of the year, the company announced Friday.
Yellowhouse Machinery Co to undergo expansion mid-August
By Midland Times | Aug 1, 2024
A John Deere construction equipment dealership is slated to undergo a $400,000 construction project.
Local Walmart to get Golden Chick restaurant
By Midland Times | Jul 31, 2024
The Walmart at 200 W Interstate 20 will soon have a Golden Chick within its premises, according to a filing with a state regulatory agency.
Midland Entrepreneurial Challenge returns for 2024-2025 season
By Midland Times | Jul 31, 2024
The Midland Development Corporation Board of Directors approved an agreement with UT Permian Basin for the 2024-2025 Midland Entrepreneurial Challenge during the June board meeting. The Midland City Council approved the agreement later in July, giving the green light for another year of the MEC.
Development of city’s first QuikTrip to begin early 2025
By Midland Times | Jul 30, 2024
An American chain of convenience stores based in Tulsa, Oklahoma, that operates in the Midwestern, Southern, and Western United States is bringing a store to the city.
TJ Travel Center project expected to begin construction in August
By Midland Times | Jul 29, 2024
A $8.5 million travel center is expected to start construction in August, according to a state regulatory filing.
Permian Resources announces pricing of $1 billion private placement due in February 2033
By Midland Times | Jul 29, 2024
Permian Resources Corporation, headquartered in Midland, Texas, announced the pricing of its upsized $1 billion private placement of 6.25% senior notes due 2033. The Issuer, Permian Resources Operating, LLC, a subsidiary of Permian Resources, has priced the offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933.
GE Aerospace invests $54 million to expand 3D printing at Auburn plant
By Midland Times | Jul 29, 2024
A decade ago, General Electric selected its engine parts plant in Auburn, Alabama, to lead a deeper plunge into the world of additive manufacturing. Today, 3D printers installed at the facility produce complex jet engine components from metal powders—a process more efficient than traditional manufacturing methods.
Permian Resources announces pricing of public offering for Class A common stock
By Midland Times | Jul 29, 2024
Permian Resources Corporation announced the pricing of an underwritten public offering of 26,500,000 shares of its Class A Common Stock at $15.30 per share. Concurrently, Permian Resources Operating, LLC plans to offer $750 million in senior unsecured notes due 2033 in a private placement.
Permian Resources announces tender offer for senior notes due in 2026
By Midland Times | Jul 29, 2024
Permian Resources Corporation has announced a cash tender offer for its 7.75% senior notes due 2026 through its subsidiary, Permian Resources Operating, LLC. The offer is detailed in the company's Offer to Purchase document dated July 29, 2024.
Permian Resources announces public stock offering amid Occidental Petroleum acquisition plans
By Midland Times | Jul 29, 2024
Permian Resources Corporation (NYSE: PR) has announced the commencement of an underwritten public offering of 26,500,000 shares of its Class A Common Stock. Concurrently, Permian Resources Operating, LLC, a subsidiary of Permian Resources, intends to offer $750 million in senior unsecured notes due 2033 in a private placement.
Permian Resources announces $817.5M acquisition in Delaware Basin
By Midland Times | Jul 29, 2024
Permian Resources Corporation (NYSE: PR) has announced a definitive agreement with Occidental (NYSE: OXY) to acquire approximately 29,500 net acres, 9,900 net royalty acres, and production of around 15,000 Boe/d. The assets are predominantly located adjacent to Permian Resources' existing operations in Reeves County, Texas. The acquisition is valued at $817.5 million, subject to customary post-closing adjustments. The effective date is July 1, 2024, with closing expected by the end of the third quarter of 2024.
Permian Resources announces $750 million private placement of senior notes due 2033
By Midland Times | Jul 29, 2024
Permian Resources Corporation (NYSE: PR) announced today that its subsidiary, Permian Resources Operating, LLC, intends to offer $750 million in senior unsecured notes due 2033. The offering will be conducted as a private placement under Rule 144A and Regulation S of the Securities Act of 1933.