Permian Rig Upsurge Signals Oilfield Comeback
Oilfield workers like Mike Rasco return to Permian Basin jobs as rigs rise in response to higher oil prices and OPEC cuts. Noble Energy and Exxon Mobil expand in the region while BridgeTex Pipeline capacity grows. Local employment and business activity show cautious improvement with tentative signs of economic revival in Odessa and surrounding areas.
MENTIONED IN THIS ARTICLE
Thompson
Mike Rasco
Rasco
Odessa
Texas
Oklahoma
Permian
OPEC
Joseph Triepke
Infill Thinking
Permian Basin
Plains-West Texas
Noble Energy
Clayton Williams Energy
Exxon Mobil
Magellan Midstream Partners
Plains All American
Triepke
el Paso
Albert Medina
Ingham
Texas Comptroller of Public Accounts
ICA Properties
John Bushman
Collin Sewell
Odessa market eyes modest rebound after oil boom
Economist Ingham warns against rosy 2014-esque highs as Odessa’s economy shows a 40 percent drop since 2014. A $55 per barrel oil price is unlikely to jump to $100, signaling a gradual 2017 recovery with restrained oil activity and cautious sentiment from Rasco who hopes for a softer rebound and avoid another price surge.
MENTIONED IN THIS ARTICLE
Ingham
Economist
Odessa
Rasco
Odessa College Trustees Set Meeting Agenda Tonight
Odessa College Board of Trustees will meet at 6 30 p m Tuesday in the Joe Zant Jr Community Room Saulsbury Campus Center 201 W University Blvd The agenda includes a Fab Lab grand opening Feb 1 at Sedate Hall a Black History Month schedule and Globe Theatre campaign finale The Globe Theatre aims to raise 750 000 for restoration, and other items include campus police badge pinning bids for sports center lockers and Dell servers, and renewal of Odessa College Foundation directors terms with May 6 board elections and Feb 17 filing.
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Odessa College Board of Trustees
Joe Zant Jr
Saulsbury
W. University Blvd
Gregory Williams
Sedate Hall
Globe Theatre
Jo Alvarez
Dell
Odessa College Foundation
Globe Board
Board of Trustees
Bruce Shearer
Richard Abalos
Tara Deaver
Shearer
Abalos
Deaver
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