On the Money

Concho stock distributed

Yorktown Energy Partners V and VI has announced it has distributed nearly all of its shares in Midland-based Concho Resources to Yorktown’s partners, according to a Concho news release. By divesting the 3.2 million shares, Yorktown completes...... Full story

Forest sells West Texas assets

ODESSA AMERICAN

Forest Oil Corp. of Denver has announced it’s entered into agreements to sell operated and non-operated properties in West Texas and New Mexico for $118 million. The transactions, which sell property producing 9 million cubic feet per day,...... Full story

Come on up for Verizon

ODESSA AMERICAN

Verizon Wireless, the nation’s largest voice and data network, has announced it is now open for business in former Alltel markets, including Odessa. The company, which completed its purchase of Alltel earlier this year, has brought its...... Full story

Companies report losses

ODESSA AMERICAN

Two Midland oilfield companies have reported losses for the recently ended second quarter of 2009. Basic Energy Services reported that it had a net loss of $21.2 million during the quarter. During the same period in 2008, the company posted a...... Full story

Sewell wins GM award

ODESSA AMERICAN

Sewell Chevrolet-Pontiac-Buick of Crane has been named a winner of the General Motors Mark of Excellence trophy. The award is set aside for dealerships that achieve the highest performance in sales excellence, superior customer satisfaction scores...... Full story

Pipeline Group has new ownership

ODESSA AMERICAN

Larson & Associates of Midland has entered an agreement to take environmental operational ownership of The Pipeline Group, a consulting firm that represents the pipeline, underground utility and hazardous materials industries, according to a...... Full story

Seven graduate from credit union school

ODESSA AMERICAN

Seven West Texans are among those to graduates recently from the Southwest Credit Union National Association Management School in Fort Worth. Those graduating include: Johnny Camacho and Tamara Chambers of Complex Community Federal Credit Union in...... Full story

Babies ‘R’ Us in Midland

ODESSA AMERICAN

MIDLAND A new Babies ‘R’ Us store has opened here. The store, which opened Friday, is located under the same roof as the Toys ‘R’ Us store. According to a news release, the company promises to offer a "one-stop shopping...... Full story