Tech: Permian Basin oil impact more than $137 billion

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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.