Monthly Archives: June 2014

Home Run, Match Points love Midland

MIDLAND – Each sporting event hosted in the Tall City brings between about $200,000 and $1.3 million from visitors spending, according to Brenda Kissko, a spokeswoman for the Midland Texas Convention and Visitors Bureau (CVB). The Schlumberger Tournament of Champions, a baseball tournament, is expected to bring in the largest chunk of cash — totaling Read More

Midland hotel industry strongest revenue in history

MIDLAND – In 2013, hotels brought in more cash than any other year in history, with revenues totaling $101,001,406, up about 1.7 percent from 2012, according to the Office of the Governor, Economic Development and Tourism. The average daily rate in 2013 was $107.74, the third highest in all of Texas. Only in Austin, $116.70 Read More

Permian Dominance: Odessa, Midland Economies Still Soaring

ODESSA, MIDLAND – The Midland-Odessa Regional Economic Index posted its 48th consecutive month of increase in February 2014, and was 5.5 percent above February 2013 levels, according to economist Karr Ingham. Midland-Odessa’s construction sector saw a February 2014 total permit valuation of just more than $63 million, up 46.7 percent from February 2013. During the Read More

Midland Office Spaces

MIDLAND – Conventional office space in Midland is giving way to more modern facilities that offer employees additional luxuries that were once only found in larger cities. As more oil industry headquarters, campuses and office buildings emerge around the city, the face of “traditional office space” continues to evolve. Pioneer Natural Resources, currently located in Read More

Odessa Building Boom to Hold in 2014

ODESSA – Northern Odessa will see 900 single-family residences constructed over the next three years for an estimated $10 million.  In 2013, Odessa and Midland saw 1,333 single-family permits issued, according to economist Karr Ingham. Odessa homes sold for an average price of $178,752 in 2013, and the average time on the market was 51 Read More

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