Latest News
Chevron begins utilizing drones for autonomous monitoring of Permian Basin facilities
By Midland Times | Mar 8, 2025
An Austin-based company specializing in drone technology has announced that it has surpassed a significant operational efficiency milestone.
Midland Development Corporation awards $500K to local businesses through 2024-25 Entrepreneurial Challenge
By Kim delaPena | Mar 5, 2025
The Midland Development Corporation (MDC), in collaboration with the University of Texas Permian Basin (UTPB) and the Small Business Development Center (SBDC) at the Center for Energy and Economic Diversification (CEED), announced the winners of the 2024-25 Midland Entrepreneurial Challenge during an award ceremony on March 3.
ProPetro announces departure of CFO Schorlemer
By Midland Times | Mar 5, 2025
Midland-based ProPetro has announced the departure of its Chief Financial Officer (CFO), David Schorlemer, effective March 3.
Permian Basin Water in Energy Conference returns in 2025
By DaLeesa Brown | Mar 4, 2025
The 2025 Permian Basin Water In Energy Conference (PBWIEC) is set to take place March 4-6. Industry leaders, experts, and stakeholders will be brought together to discuss water management challenges and advancements in the energy sector.
UTPB updates MDC Board on workforce development initiatives, business support facilities
By DaLeesa Brown | Mar 4, 2025
The Midland Development Corporation (MDC) Board of Directors met in regular session on March 3 where Brian Shedd, Executive Director of the University of Texas Permian Basin (UTPB) Office of Innovation & Commercialization, presented updates on UTPB’s ongoing initiatives aimed at workforce development and business support in the region.
UTPB to launch Permian Basin Manufacturing Consortium to support workforce
By DaLeesa Brown | Mar 3, 2025
The Permian Basin Manufacturing Consortium, a new initiative led by a group of manufacturing businesses and machine shops in the region, is set to launch. Executive Director of UTPB’s Office of Innovation & Commercialization Brian Shedd announced the new consortium during his presentation at a MDC board meeting on March 2.
Rogers Ford is undergoing a renovation project for three months
By Midland Times | Mar 3, 2025
A $102,000 renovation project for a local dealership is underway, according to a state filing with a regulatory agency.
Midland Chamber helps The Sod Shack celebrate grand opening
By Midland Times | Mar 3, 2025
The Midland Chamber of Commerce facilitated the grand opening of The Sod Shack with a ribbon-cutting ceremony, as announced in a Facebook post.
Oxy announces progress on debt reduction
By Midland Times | Mar 2, 2025
Occidental Petroleum announced it has reached its near-term debt repayment goal of $4.5 billion in the fourth quarter of 2024.
Midland city council authorizes creation of The Preserve Municipal Management District
By DaLeesa Brown | Feb 26, 2025
The Midland City Council unanimously approved a resolution on Feb. 25 to establish The Preserve Municipal Management District (MMD), a financial mechanism designed to support the development of The Preserve. This large-scale mixed-use project, set to break ground in early 2025 on the former Nueva Vista Golf Club site, will feature retail, office spaces, dining, and a new zoo. Nearly half of the development will be dedicated to parks, open areas, and natural recreational spaces.
Civitas Resources buying Midland Basin locations
By Midland Times | Feb 26, 2025
Civitas Resources is expanding its operations in the Midland Basin with a $300 million investment aimed at increasing production and drilling locations.
Diamondback Energy Kaes Van’t Hof to succeed Travis Stice as CEO
By DaLeesa Brown | Feb 25, 2025
Diamondback Energy announced a leadership transition plan that will see President Kaes Van’t Hof assume the role of Chief Executive Officer, succeeding longtime CEO Travis D. Stice at the company’s 2025 Annual Meeting of Stockholders. Stice, who has led Diamondback since 2012, will remain with the company as Executive Chairman through the 2026 Annual Meeting.
Big Bend Services acquired by Sunland Family of Companies
By Midland Times | Feb 25, 2025
A local company specializing in diversified drilling solutions, serving sectors such as conventional oil and gas, wind and solar energy, public utilities, and other commercial developments, has been acquired by the Sunland Family of Companies.
Permian Resources announces quarterly cash dividend for Class A shares
By Midland Times | Feb 25, 2025
Permian Resources Corporation, based in Midland, Texas, has declared a quarterly base cash dividend.
Next Bridge Hydrocarbons addresses SEC comments
By Midland Times | Feb 23, 2025
Midland-based Next Bridge Hydrocarbons has announced a setback in its plan to offer 40 million shares of common stock.
Next Bridge hires Houston-based attorney to investigate missing stocks
By Midland Times | Feb 22, 2025
A local oil and natural gas exploration and production company has announced the hiring of Houston-based law firm Christian Attar.
The Preserve to bring natural recreation to Midland
By DaLeesa Brown | Feb 19, 2025
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.
Diamondback Energy buys subsidiaries of Double Eagle
By Midland Times | Feb 18, 2025
Diamondback Energy has announced the acquisition of several Double Eagle IV Midco, LLC consortiums for $3 billion and 6.9 million shares of stock.
Midland Chamber cuts ribbon to Mackey Law Firm
By Midland Times | Feb 17, 2025
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.
New coffee shop slated for the northern portion of the city
By Midland Times | Feb 13, 2025
A coffee shop is being developed at the Colonnade at Polo Park Shopping Center.