Business Overview Since the discovery of oil in the Permian Basin in the 1920's, Midland has been the Headquarters City for the vast Permian Basin oil region. 100-mile radius, 15 county oil producing region West Texas and Southeastern New Mexico More than 20% of the nation's oil reserves Regularly supplies more than 60% of all oil and gas produced in Texas Outside of Houston, Texas - no other area in the United States plays a more important role in the nation's energy industry than the cities of Midland and Odessa Midland is the Administrative, Management and Development Headquarters for oil and gas exploration and production of the Permian Basin. Midland is home of many oil and gas related support businesses including: Finance, Legal, Accounting, Data Processing, Marketing, Engineering and many others. There are more than 2,300 separate firms in the two county Midland/Odessa MSA that are directly involved in oil and gas operations. The Regional Center of the Permian Basin: As economic diversification expands the economic base of the area, Midland has extended this significant role and established itself as the Regional Center of the Permian Basin Oil and Gas Industry Business and Industry Ranching and Agriculture Healthcare Retirement Transportation A regional based, national chain dominated, retail service sector Our business and industry diversification led by the following sectors: Electronics manufacturing National and International entertainment industry, staging manufacturing Plastic business card and advertising specialties Synthetic DNA Retirement Confectionaries International agricultural manufacturing And others As a management center, the city's demographics reflect a concentration of: Highly trained/experienced personnel Highly educated personnel World, national, state and metropolitan connections Available, skilled, semi-skilled, and non-skilled workforce "The West Texas 'can do' work ethic and attitude provides a favorable business climate for new businesses". Our community and quality of life are responsive to businesses and families alike, and are broadly based. The leading indicators of the Qualify of Life that Midland offers include: Legendary West Texas work ethics Great year-round climate for transportation, manufacturing/production processes and outdoor activities An "uncommon" cosmopolitan city in the center of the Permian Basin A low Cost of Living A low Crime Rate No traffic congestion Short commute times Available quality, affordable housing A community focused citizenship Cultural facilities and activities unmatched in West Texas