Odessa, Texas, the seat of Ector County. It is 124 miles (200 km) south of Lubbock, in the midst of rich oil fields and large ranches. Odessa is the headquarters of several hundred firms engaged in the drilling, production, processing, and transportation of petroleum from the Permian Basin of western Texas and southeastern New Mexico. In the city are oil refineries and plants producing petrochemicals, carbon black, synthetic rubber, and oil-field equipment. Odessa is also a marketing center for farms and cattle ranches. Odessa's Globe of the Great Southwest is a replica of Shakespeare's Globe Theatre. Near the city is a meteorite crater measuring about 500 feet (152 m) in diameter—one of the largest such craters in the United States.
Odessa was founded in 1881 with the coming of the Texas and Pacific Railroad. It was incorporated as a city in 1927, and has the council-manager form of government.