BUILDING PERMITS: Jan. 29, – Feb. 2, 2018

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NEW RESIDENTIALSBetenbough Homes, 9201 Desert Ave., $144,950; Permian Homes Inc., 8 Berkshire Circle, $249,000.Total: 2 permits, $393,950RESIDENTIAL ADDITIONS ALTERATIONS & CONVERSIONSJohnny Bencome, 517 Cabrillo...

Permian Basin Drilling Report: Feb. 1 – Feb. 7

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Permit applications approved by the Texas Railroad Commission for Feb. 1 through Feb. 7 for Districts 7C, 8 and 8A. Numbers in parentheses indicate...

DAILY OIL PRICE: Feb. 9

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Crude Oil: 59.20 (-1.95)Nymex MTD AVG: 62.7482.Natural Gas: 2.584 (-.113).Gasoline: 1.7002 (-0.0648).Spreads: March/Apr. (+.21) ...

Permian Basin rig count jumps by 10, national count by 29

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The rig count in the Permian Basin increased by 10 the week ending Friday, the latest count by Baker Hughes shows, with 437 rigs...

City, hospital sales tax collections rise

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Growth in the local economy continued to drive an increase in Odessa’s sales tax revenue in February, marking more than a year of month-over-month...

DAILY OIL PRICE: Feb. 8

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Crude Oil: 61.15 (-.64)Nymex MTD AVG: 64.0788.Natural Gas: 2.697 (-.005).Gasoline: 1.7650 (-0.0010).Spreads: March/Apr. (+.21) ...

ELAM: Market tops display similar signs

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Market tops display similar characteristics. This one exhibits many of the same traits seen at tops in 1966, 1987, 2000 and 2007. Here in...

DAILY OIL PRICE: Feb. 6

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Crude Oil: 63.39 (-.76)Nymex MTD AVG: 64.9483.Natural Gas: 2.759 (+.012).Gasoline: 1.8052 (-0.0414).Spreads: March/Apr. (+.28) Apr./May (+.41).Plains WTI Posting: 59.75 (-.75).

DAILY OIL PRICE: Feb. 5

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Crude Oil: 64.15 (-1.30)Nymex MTD AVG: 65.2600.Natural Gas: 2.747 (-.099).Gasoline: 1.8466 (-0.0254).Spreads: March/Apr. (+.32) ...

ELAM: The correction begins

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Now that was helpful information to readers, as that is exactly what happened. The stock market retreated from its near vertical parabolic rise. The...