An online housing area study shows Midland and Odessa both have a new median multiple of 2.7 years. But what does that mean? The median multiple is considered the number of years it would take the median income in a real estate market to pay off the median home price. So, in Odessa and Midland [...]
Not even the drop in oil prices has stopped the enthusiasm in the Permian Basin. The economy is still booming. The Permian Basin's output will continue to expand. Cost-reducing advances in technology means that over the next five years, U.S. oil production should be about equal to the production of oil in Russia and Saudi [...]
Are you considering relocating to Midland, Texas and wondering what the Permian Basin is? The Permian Basin is at the heart of Midland's economy. It's one of the most prolific oil and natural gas basins in the entire country. It's part of the United States Mid-Continent Oil Field and a sedimentary basin stretching from parts of [...]
Exxon Mobil plans to increase its oil production in the Permian Basin to reach 600,000 barrels a day by 2025. The energy giant also plans to spend over $2 billion on transportation and terminal upgrades in west Texas, the Houston Chronicle reported last week. Over the next five years, Exxon intends to invest $50 billion [...]
Among Millennials, the "Tall City" has no shortage of appeal. Generation Y has made Midland one of the top 10 cities in the U.S. where they are purchasing homes, according to a recent report. The scope of the study considered the Millennial homeownership rate and the change in that rate over the past nine years [...]
