What is the economic impact of oil, gas in West Texas?
Friday, September 5, 2014 - 00:30
in Earth & Climate
The economic impact is felt in all industries that provide support, from drilling to housing and retail. This study provides estimates of the 2013 economic impact of the Permian Basin’s oil and gas industry, and examines these impacts at the county level as well as in the context of the overall Permian region, the Texas portion of the region and the New Mexico portion of the region. In addition to traditional economic impacts, this report includes a petroleum engineering-based analysis that provides the backbone for economic activity generated by the oil and gas industry.