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Midland, Texas is the twenty-fifth most populated city in the United States.
Initially established as Midway Station in 1881, officials changed its name to Midland in 1884 because of its location – between Fort Worth and El Paso. In 2013, Forbes Magazine named this city the best for small jobs. It also landed the number four spot on the top nine fastest growing boomtowns in CNN, Money and Fortune magazines.
Known for its warm, welcoming community, Midland offers residents and visitors several museums, many different music and nightlife options and plenty of delicious food. It is also where the Permian Basin is located, a sedimentary basin that contains more than 16% of America?s oil reserves.
Energy Deregulation in Midland
When the state of Texas passed new legislation in 2002, Midland joined 85% of the areas designated to fall under energy deregulation. Energy deregulation requires utilities to allow their customers to decide who supplies their energy. Retail Electric Providers (REPs) have since entered the market, opening it up to competition. The result is lower energy costs and better plans and services for both residents and businesses.
Depending on the area in which you live, Midland has several REPs too choose from including:
- Ambit Energy
- Breeze Energy
- Champion Energy Services
- Green Mountain Energy
- Infinite Energy
- Pennywise Power
- Southwest Power & Light
- Stream Energy
- V247 Power
- Veteran Energy
- YEP Energy
Midland?s Energy Industry
The energy industry in Midland provides a significant percentage of the city?s economy. In 1923, oil was discovered 70 miles southeast of Midland. Years later, the area serves as the administrative and management center for the Permian Basin. The basin accounts for over 61% of Texas? production of oil, and more than 17% of the nation?s and state?s gas production. Several major businesses include, Apache Corporation, Choncho Resources, Schlumberger, and Kinder Morgan production.
The Midland city government also strictly monitors the production of its energy resources. The Oil & Gas Services department enforces policies and processes on business operations in order to protect the quality of the environment, in addition to the health and safety of the public.
Midland has also partnered with several educational institutions to provide funds for the formation of the National Institute for Renewable Energy (NIRE). NIRE investigates technology issues in the wind industry. The city?s beautiful weather and unused land has also made it the perfect location to generate and manufacture solar power.
Other Major Industries in Midland
Aerospace & Aviation ? Midland has the 8th largest airport in Texas, and a smaller airport, MAF. The city averages 347 VFR days per year, and the Midland College offers a well known Aviation Maintenance Technology Program. There are several major aviation companies located in Midland including, Avion Flight Center, Deer Horn Maintenance and Lone Star Propeller Services.
Local Development ? Downtown Midland is the central location for the administration of the Permian Basin. Thirty percent of the city?s revenue is committed to improving the Central Business District to help attract and retain talent. In 2003 Midland created the Downtown Midland Management District plan to promote the preservation, health and safety of the downtown community.
Additional industries in Midland also include:
- Commercial spaceport development
- Warehouse distribution and manufacturing
- Professional and business services
Quick Midland Stats
Midland’s economy makes it an attractive place to live for many reasons. The following information is a small collection of different demographic stats to help paint a bigger picture of this Texas city:
Total Population: 161,600
Land Area: 71.3 square miles
Total Number of Households (2000): 57,999
Median Household Income: $79,728
Median Age: 32.7
Job Growth (in 2014): 7.5%
Cost of Living: 4.3% above national average
Did you know?
Midland, Texas is more than just a booming oil and gas town. There are a few other interesting facts that add to this city?s fascinating history such as:
- The movie No Country for Old Men was filmed here.
- President George W. Bush, First Lady Laura Bush and actress Kathy Baker are all from Midland.
- The city supports 7.5 million square feet of office space.
Midland’s Major Utilities
Oncor is the major utility provider to businesses and residences in Midland. It is the utility?s responsibility to ensure the reliable and safe delivery of energy. It maintains the meters, wires and poles and does not offer the option to supply energy.
Oncor – 1-888-313-6862