On October 14, 1954, the Permian Basin Oil Show kicked off with a two-mile-long parade through downtown Odessa. The parade featured some 60 military and high school marching bands and more than 100 floats representing all phases of the petroleum industry. This home movie segment captures the festivities, from the oil-themed floats to the lively marching bands to the scores of people in attendance. According to the Odessa American, the parade was also the shot by Fox Newsreel, Universal International Newsreel and the Humble Company's Texas in Review. The 1954 Permian Basin Oil Show was just the fourth time the event was held. Now known as the Permian Basin International Oil Show, the event occurs every even-numbered year, attracting exhibitors and attendees from all over the globe.
The Permian Basin International Oil Show is a biennial exhibition in Odessa that showcases the latest product developments, services, and technology for every phase of the petroleum industry. The event began in 1940 as the Little International Oil Show with 35 exhibits. The show was held one more time the following year before World War II intervened. In 1950, oilmen from the region revived the project and established a non-profit corporation for the event. Two years later, the Oil Show returned, and has been held every even-numbered year since then. With the growing interest and participation of foreign exhibitors and attendees, the name was changed to the Permian Basin International Oil Show in 1994.