Wexford's Jacobs Plans 53-Story Tower in Midland

Wexford's Jacobs Plans 53-Story Tower in Midland Play

April 12 (Bloomberg) -- Joseph Jacobs, president and co-founder of Wexford Capital LP, speaks at a news conference in Midland, Texas, about his plans to build a 53-story tower in the city. Jacobs wants the $350 million Energy Tower office-hotel-condominium project to reflect Midland's importance as the center of the Permian Basin region, which pumped out 60 percent of Texas's oil last year. (Source: Bloomberg)

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