The rugged terrain of West Texas has a long and intriguing history for those who enjoy exploring the past of our grand state. One of the best places to start for history lovers is Odessa. This city of over 100,000 was established in 1881 as a stop for the Texas and Pacific Railway. It is believed the city obtained its name form Russian railway workers, many of whom had immigrated from the Ukrainian city of Odessa. Over the past 145 years, Odessa has emerged as a rich mixture of cowboys, booming oil fields and everything in between. The city offers a rich blend of Hispanic and Anglo cultures.
Located in Ector County, Odessa is midway between Ft. Worth and El Paso and is right in the middle of the Permian Basin. The Permian Basin is 250 miles wide and 300 miles long. The basin was formed during the Permian Period, the final portion of the Paleozoic Era, almost 250 million years ago. The area was at that time covered by the Permian Sea and densely populated with life. Once the sea dried up, the decaying life of plants and animals eventually formed the gigantic pools of crude oil. These huge oil reserves continue to be one of the major energy sources of the Southwest.
Prior to settlers moving into the region and the building of the Texas and Pacific Railroad, Comanche Indian tribes roamed the region. By the time the railroad was established, Odessa had become vital to the emerging cattle industry.
Today, the oil industry is still one of the largest industries in the area. However, Odessa, along with its sister city of Midland, is a thriving region of diverse industries and businesses. The area is fast becoming a health care destination, offering the most sophisticated health care available in the Southwest.
B&F Finance is pleased to promote the 30 communities we serve in Texas, New Mexico and Oklahoma. We invite our friends and customers to visit our Odessa location at 522 East 8th Street, 432-272-3994