Midland, TX Cash Advance Loans

About Midland, TX

Midland, Texas is a city of 165,000 located in the Permian Basin region of west, Texas. The city was founded in 1881 to serve as a rest stop for travelers riding the Texas and Pacific Railway between Fort Worth and El Paso. With the discovery of oil in the Permian Basin in the 1920s, Midland has grown and been forever changed from a small west, Texas town to its current position as the management center for oil and gas production in the Permian Basin.

Midland currently accounts for 61% of all Texas oil production and 16% of U.S. oil reserves. As a result, the city has ranked as high as the second-fastest growing “large city” in the country from 2011 to 2012, according to the U.S. Census Bureau. This positive financial outlook combined with a high national unemployment rate has resulted in a significant amount of young, professionals job seekers pouring into the Midland area. According to the U.S. Census Bureau, from 2011 to 2012 the city’s population grew at a rate of 4.6%. Midland also regularly posts some of the lowest unemployment rates in the country. As of August 2013, Midland’s unemployment rate is 3.4%, compared to August’s national average of 7.3% according to the U.S. Bureau of Labor Statistics.

Midland also offers travelers and locals a robust nightlife, a variety of festivals, and places to visit. For those looking to immerse themselves in the history of Midland or local culture, The Midland County Historical Museum showcases pioneer relics and photos depicting the city’s early days. The museum is most notable for its reproduction of the ‘Midland Man,’ a reproduction of fossils discovered in Midland that prove human inhabitants in Midland as far back as 9000-9500 B.C. Visitors can also catch a show at The Cole Theater, a $3 million complex that is home to the Midland Community Theater group, which is ranked amongst the top 10 amateur theater groups in the U.S. Finally, no visit to Texas is complete without taking in some local football, and Midland definitely has that covered. Midland offers patrons a wide range of games at the high school and minor league level, providing that unique “Texas football” experience.