Latest News
El Burrito Restaurant out of business after 45 years
By Midland Times | May 31, 2024
A Midland Mexican restaurant has closed its doors after nearly 50 years of operation. Founded in 1979, El Burrito Restaurant at 1106 N Big Spring St. served its last meal earlier this month.
Midland Chamber helps invoice factoring company celebrate milestone
By Midland Times | May 31, 2024
The Midland Chamber helped Velocity Financial celebrate the business's fifth anniversary on May 22. Aside from the milestone, both entities also marked Velocity's move into a brand-new, larger office space.
Permian Resources announces administrative liquidation of Earthstone Energy subsidiary
By Midland Times | May 30, 2024
Permian Resources Corporation has announced the completion of the liquidation of an entity belonging to Earthstone Energy Inc. The latter, a former Houston area company, was an independent oil and gas exploration and production company that acquired, developed, and produced onshore crude oil and natural gas reserves across the country. Permian Resources purchased this entity last year.
ConocoPhillips to acquire Marathon Oil in $22.5B all-stock deal
By DaLeesa Brown | May 30, 2024
ConocoPhillips and Marathon Oil Corporation announced a definitive agreement in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion of net debt. The announcement was made in a press release on May 29.
Energy Transfer LP to acquire WTG Midstream Holdings in $3.25B deal
By DaLeesa Brown | May 29, 2024
Energy Transfer LP announced a definitive agreement to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion. The acquisition will be made from affiliates of Stonepeak, the Davis Estate, and Diamondback Energy, Inc., and will consist of $2.45 billion in cash and approximately 50.8 million newly issued Energy Transfer common units.
MAF registers passenger count of over 60,000 in April
By Midland Times | May 23, 2024
The city of Midland has reported that the number of airline passengers at Midland International Air & Space Port (MAF) rose to over 60,000 in April. This is the first time since 2010 that such a figure has been achieved, with passengers traveling on Southwest, United, American Eagle, and Delta.
TxDOT incorporates public feedback into long-term transportation plan
By Midland Times | May 22, 2024
With an assist from extensive public input, the Texas Department of Transportation (TxDOT) is crafting a statewide, long-range transportation plan to meet the transportation needs of Texas for the next 25 years.
Scharbauer Foundation President, CEO Grant Billingsley to retire
By DaLeesa Brown | May 20, 2024
The Scharbauer Foundation announced the retirement of its President and CEO Grant Billingsley. The announcement was made on May 20 in a post on the foundation’s website.
Midland Development Corporation fuels West Texas' aerospace ambitions
By Midland Times | May 17, 2024
Space Day, celebrated on the first Friday of May each year, aims to ignite curiosity about the cosmos and inspire future space explorers. This year, on May 3rd, Space Day holds special significance for Midland, Texas, as the city continues to solidify its position in the aerospace industry.
Groundbreaking ceremony for new YMCA in northwest Midland
By DaLeesa Brown | May 16, 2024
The YMCA commenced construction for their Northwest Expansion project. The new facility will be located at the intersection of Avalon and Mockingbird in northwest Midland. The groundbreaking ceremony took place on May 15.
Council approves zoning for Zoo Midland Wildlife Rehabilitation Center
By DaLeesa Brown | May 14, 2024
The Midland city council unanimously approved an ordinance to amend the zoning district map, granting a specific use designation without term for a 4.352-acre tract of land out of Tract 4, Parker Acres Addition, during the May 14 city council meeting.
Alex Volkov joins ProPetro Holding Corporation board of directors
By DaLeesa Brown | May 14, 2024
ProPetro announced the appointment of Alex Volkov to its board of directors on May 9. Volkov joined as ExxonMobil's designee under the Investor Rights Agreement between ProPetro and Pioneer Natural Resources Pumping Services LLC, a subsidiary of ExxonMobil.
Susie's South Forty Confections to close Wadley location
By DaLeesa Brown | May 14, 2024
Susie's South Forty Confections announced it will close its Wadley location. The announcement was made in a letter to the public from founder Susie Hitchcock-Hall on May 6.
Permian Resources Company announces secondary offering
By Midland Times | May 13, 2024
Permian Resources Corporation has initiated an underwritten public offering of over 51.76 million common shares, which are held by partners of EnCap Investments, NGP Energy Capital Management, Pearl Energy Investments, Riverstone Investment Group and an anonymous member of the company's board.
Permian Resources announces quarterly cash dividend
By Midland Times | May 10, 2024
Permian Resources Corporation's shares are currently valued at $0.06 per share of Class A common stock or $0.24 per share on an annualized basis, as stated by the company’s board of directors.
Midland urges summer travelers to arrive early at MAF
By Midland Times | May 9, 2024
The city of Midland has issued an advisory for travelers intending to use the Midland International Air & Space Port (MAF) this summer. The advice comes in the wake of equipment issues experienced by the Transportation Security Administration (TSA) on May 9. With the 2024 summer travel season expected to commence during Memorial Day Weekend later this month, passengers are urged to arrive at MAF a few hours ahead of their scheduled flights.
Pure Green Midland to open in summer
By DaLeesa Brown | May 9, 2024
Pure Green, a wellness foods brand, announced its expanding into Midland. The new store is set to open this summer in Ally Village.
Permian Resources Corporation announce robust 2024 first quarter results
By Midland Times | May 9, 2024
Permian Resources Corporation has reported its most successful quarter to date, according to its first quarter 2024 financial and operational results. The company's average daily crude oil production was 151,794 barrels of oil per day, marking an 11% increase compared to the previous quarter.
Gensystems deploys two gensets for electric fracturing operations in Midland
By DaLeesa Brown | May 9, 2024
Gensystems Power Solutions, a provider of mobile gas turbine genset power, announced the deployment of two gensets on separate well pads in Midland. The announcement was made in a press release on May 7.
MDC maintains $28.4M in reserves
By City of Midland | May 7, 2024
The Midland Development Corporation (MDC) has a robust financial position and has demonstrated strategic foresight in its financial planning.