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– Penwell, Texas. Penwell is an unincorporated community in Ector County, Texas, United States. It is located near Interstate 20, approximately sixteen miles southwest of Odessa.[1] The community is part of the Odessa Metropolitan Statistical Area. Penwell, TX is home to West Texas’ only 1/4 mile drag strip.

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Zillow helps you find the newest Penwell real estate listings. By analyzing information on thousands of single family homes for sale in Penwell, Texas and across the United States, we calculate home values (Zestimates) and the Zillow Home Value Price Index for Penwell proper, its neighborhoods and surrounding areas .

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