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Located in the Permian Basin in West Texas, Midland is a major center for American oil and natural gas production. Midland is the principal city of the Midland, Texas metropolitan statistical area, which includes all of Midland County, the population of which was 169,983 in the 2020 U.S. Census. [6]
The Permian Basin covers more than 86,000 square miles (220,000 km 2), [1] and extends across an area approximately 250 miles (400 km) wide and 300 miles (480 km) long. [2] The Texas cities of Midland, Odessa and San Angelo serve as headquarters for some of the oil production activities in the basin.
In October 2016, the company acquired assets in the Midland Basin from Reliance Energy for $1.625 billion. [7] In November 2016, the company acquired assets in the Delaware Basin for $430 million. [8] In July 2018, the company acquired RSP Permian. [9] On January 15, 2021, the company was acquired by ConocoPhillips. [10] [11] [12]
The Permian Building was a large office building in Midland, Texas that stood at 68 feet (21 m). It was built in 1933 and demolished in 2007. According to the Midland Convention and Visitor's Bureau, former US President George W. Bush had an office in the building in the late 1970s.
In 1952, he moved to Texas, where he borrowed $1,000 to buy five trucks that could carry crude oil from wells in the Permian Basin to distant refineries. By the 1960s, this investment had grown into the Permian Corporation, a multimillion-dollar business and the world's largest independent petroleum transport company, with 1,100 employees, a tractor-trailer fleet of 550 vehicles and a strong ...
Midland–Odessa is a metropolitan area located in The Texas Plains approximately half-way between El Paso and Fort Worth, Texas.This combined statistical area (CSA) is made up of two metropolitan statistical areas (the Midland MSA and the Odessa MSA) and one micropolitan statistical area (Andrews μSA), and comprises four counties: Andrews, Ector, Martin, and Midland counties.
The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The basin was formed during the Permian period, the final portion of the Paleozoic era. At the time, it was an ocean filled with abundant aquatic life.
Nov. 9—MIDLAND — The Permian Strategic Partnership continues expanding its membership with the addition of two distinguished midstream companies, Targa Resources Corp. and Western Midstream ...
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