Midland Booms amid Surging Energy Industry
Houston, and to a lesser extent, San Antonio, have gotten their fair share of attention as Texas energy cities that are benefitting from the current oil boom. However, farther west is a city – Midland, Texas – that very probably owes its existence to the energy industry like few other cities. Even the city's motto – Feel the Energy – hints at the link between the city and the energy industry.
Midland – also known as the Tall City for its downtown skyline, which stands in stark contrast to the surrounding terrain – is located in the fossil fuel-rich Permian Basin. About one-fifth of the nation’s petroleum and natural gas output comes from the Permian Basin, making it one of the most productive formations in the United States, according to the U.S. Department of Energy’s Top 100 Oil and Gas Fields.
Over the years, Midland has expanded and contracted through several energy cycles. A scan of the Yellow Pages today shows that Midland, which is part of the Midland-Odessa, Texas Combined Statistical Area, has more than 1,300 energy companies, largely thanks to the resurgence in the energy industry over the past few years.
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