The Midland Reporter-Telegram, acquired by Hearst in 1979, is located in the heart of the vast 54-county Permian Basin of West Texas, a geological region producing 70 percent of the oil in Texas. The Midland Reporter-Telegram is a daily newspaper in Midland, Texas. It is located in the heart of the vast 54-county Permian Basin of West Texas, a geological region which produces 70 percent of the oil in Texas. The newspaper's special coverage includes the "Permian Basin Oil Report", a weekly section devoted to news of the gas and oil industry, and Mywesttexasjobs.com, a weekly employment magazine that is free to the community and has a wide distribution throughout the Permian Basin.