Airline fuels up for new flights from Houston to oil-and-gas country

It's wheels up to Midland-Odessa in January. Photo courtesy of JSX

Hop-on jet service JSX is adding a new, year-round destination for the millions of Texans who work in oil and gas: Midland-Odessa.

Starting January 15, 2024, JSX will fly nonstop from Houston and Dallas to Odessa Airport-Schlemeyer Field (ODT). According to a release, the schedule and fares will be:

From Houston (HOU) to Odessa (ODT)

  • Regular flight service between Houston Hobby (HOU) and Odessa Airport-Schlemeyer Field (ODT), Monday through Thursday, two flights per day.
  • Introductory fares start at $309 (one-way) and include at least two checked bags (with weight/size restrictions), onboard cocktails and snacks, and free Starlink Wi-Fi.

FromDallas (DAL)toOdessa (ODT):

  • Regular flight service between Dallas Love Field (DAL) and Odessa Airport-Schlemeyer Field (ODT), Monday through Thursday, two flights per day.
  • Introductory fares start at $279 (one-way) and include at least two checked bags (with weight/size restrictions), onboard cocktails and snacks, and free Starlink Wi-Fi.

As with all JSX domestic flights, customers may check in just 20 minutes before departure (hence, the "hop-on" idea) and fly out of crowd-free private terminals. In Houston, that terminal is at Houston Hobby airport (8919 Paul B Koonce St.) and in Dallas, at Dallas Love Field (8555 Lemmon Ave.).

“JSX is proud to support Texas' energy economy by introducing our unique 'hop-on' jet service with daily flights connecting business commuters from Dallas and Houston to Odessa at the start of 2024,” says JSX CEO Alex Wilcox in the release. “Not only is Odessa central to the Permian Basin, but it's also home to companies powering some of the nation's largest wind and solar farms. We take pride in supporting those who supply the energy we all depend on every single day.”

JSX continues to tout its "no crowds, no lines, and no fuss" travel experience that made them especially popular during the pandemic.

Passengers have access to valet parking, touchless check-in, Wi-Fi lounges, and speedy baggage retrieval. The 30-seat planes are now beaming up to SpaceX's Starlink Wifi, and there's a pet-friendly policy that allows small dogs and cats to fly for a small fee.

The air carrier now serves routes across more than two dozen key North American markets. In 2023 and beyond, JSX plans to expand both its domestic and international flight service with new routes and expansion plans underway, they say.

View their full route map here. All flights are available for booking via the JSX website.

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This article originally ran on CultureMap.

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A View From HETI

Fervo Energy has closed financing to support the remaining construction costs for the first phase of Cape Station. Photo via fervoenergy.com

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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