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MIDLAND COUNTY, Texas (Local 2/Fox 24) - A festival many look forward to each year had decided to sit out in 2018.

According to a release from Crude Fest, organizers confirm they will not be holding the festival next year.

Organizers cite the economic environment and expenses as the main cause.

The statement reads:

" To our fans: all of us here at Crude Fest thank you and really appreciate your loyal support over the past eight years. Unfortunately, however, the festival will not be returning in 2018. Long story short, it's just become too expensive and too difficult to produce in the current economic environment. That said, we will look at opportunities to return at a different time and location."

The organizers continued in the statement thanking the community for the support and the memories