News

  • Posted: 
    02/21/2010
    Author: Geoff Folsom

    Businesses receiving the Odessa Development Corp.’s 2009 annual report may notice something different on the cover.

    Instead of a photo featuring the oil or natural gas industries, a picture of a row of wind turbines fronts the brochure. Christi Callicoate of CVA Advertising, who put the brochure together, said the photo was meant to highlight the recent construction of Duke Energy’s Notrees Wind Farm, which has 95 wind turbines, with 11 of those in Ector County. The remainder are in Winkler County.

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  • Posted: 
    02/21/2010
    Author: Editorial

    Maybe we’ve reached the point where the petrochemical complex that has been a part of the Odessa scene for the past half century has become more of a liability than an asset.

    A letter to the City of Odessa by current owner Flint Hills Resources seems to shovel dirt in the face of a notion that the facility could be resurrected and once more be an economic force for the community.

    The Flint Hills letter was in response to a letter sent by the city asking the company to enter negotiations on the possible restart of the petrochemical facility.

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  • Posted: 
    02/10/2010
    Author: Geoff Folsom

     

    Flint Hills Resources officials have said the company intends to demolish the 53-year-old facility in a letter sent in response to a letter from the city of Odessa asking Flint Hills to enter negotiations on the possible restart of its shuttered petrochemical plant.

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  • Posted: 
    12/19/2009
    Author: Editorial

     

    THE POINT — Summit coal-fired plant seems close to becoming reality.

    It seems as if the Permian Basin has been pursuing energy’s version of the Holy Grail, clean-coal technology, for a long time. Now there are a number of reasons to believe that vision is within reach.

    Is the Summit Power Group Inc.’s planned $1.7 billion integrated gasification combined cycle coal power plant, which is designed to capture 90 percent of the carbon dioxide it produces, the end of the rainbow?

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  • Posted: 
    12/15/2009
    Author: Geoff Folsom

     Economist Ray Perryman told a group of around 200 Tuesday that Texas was the last state to go into the recent recession, and it will be among the first to recover.

    He said during his 22nd Annual Perryman Economic Outlook Conference at Odessa Country Club that nationally the recent recession was the worst since the Great Depression, but things never got as bad in Texas as they did during the 1980s.

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