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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 01, 2015
Page
1
Baker Hughes shows Permian Basin drilling rigs rose for a fourth straight week adding three to 248 as oil prices dipped again. Nationally oil rigs rose to 664 while total oil and gas rigs slipped to 847 amid gas-rig cutbacks and caution from producers.
Domino's in the Permian Basin hosts the Fastest Pizza Maker Competition final at 1 p.m. Thursday at 3111 Faudree Road. Eight finalists, including Cody Rounce Marina Raby Brian Rowland Gloria Rodriguez Zach Kemp Shauna Rassiani Chris Gromelswki and John Wolfe, will make three pizzas each for a $500 prize. Pizzas will be delivered to the Odessa Family YMCA.
Partly cloudy conditions with possible thunderstorms and southeast winds shifting from 5 to 15 mph. The forecast notes chance of showers, brief downpours, and mild temperatures across the region. Local crews are advised to monitor radar as storms develop through the afternoon.
Odessa auto dealer Collin Sewell announces a new Toyota dealership in Wichita Falls opening Monday. It will be his easternmost outlet and the first outside the Permian Basin, with full details arriving Sunday in the OA.
Rep Mike Conaway says Congress will pass legislation to lift the crude oil export ban in September before the campaign season. He co sponsors HR 2369 with industry support aiming to end a relic from a different energy era and allow producers to seek higher prices globally. He told an OA editorial board meeting the bill will pass in September.
Odessa anniversary roundup notes big voter turnout for Eisenhower Nixon visit and local races Fred Gage mayoral win council seats and a police chief firing controversy Lucille Gerron named county judge and May 29 crime incident cited plus a flavor of contemporary culture with top songs and films of 1952
Oil prices plunge about 50 percent from last year prompting Exxon Mobil to cut spending by 1.54 billion dollars in Q2 and Chevron to lay off 1500 workers. Economists note that lower oil investment trimmed U.S. growth by about 0.7 percent in Q2, offsetting consumer savings.
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