Tech: Permian Basin oil impact more than $137 billion
A note from Christi:
What does Permian Basin energy production provide to Texas? More than 545 thousand sustained jobs and a $137 billion economic impact on rural West Texas communities. Real jobs and real income for Texans.
Editor’s Note: This is the first in a series looking at the “Economic Impact of the Permian Basin Oil and Gas Industry,” a study released Thursday by Texas Tech University and the Permian Basin Petroleum Association.
LUBBOCK — It’s not a secret that the oil and gas industry has an impact on Midland County and the Permian Basin. But on Thursday, Texas Tech University released a study which attached figures to that impact.
— A $42 billion economic impact in Midland County.
— $137 billion in economic output generated in the 46 counties of the Permian Basin in 2012.
Read the full article here.