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Midland is located on the southern edge of the High Plains and the seat of Odessa County on the western side of Texas. Midland was originally founded as a depot for the Texas and Pacific Railway and was named because of its strategic position in between El Paso and Fort Worth. Midland has become the Permian Basin's trade and financial center and contains large deposits of oil, natural gas, potassium, and many others. The region is abundant and has been producing wells in the basin for hundreds of oil companies that supply the country's major oil center. Aside from oil distribution, and others, livestock growing has also dominated the city's economy. Midland has been nicknamed the "Tall City" because of its downtown skyline that has been towering over the skies.