Keeping it Together: Preserving the Permian Basin Energy Sector and the Odessa Economy through the COVID‑19 and Related Oil Market ChallengesReport Published on May 15, 2020
The Permian Basin is among the most important oil-producing regions in the world. Drilling and production and the necessary supporting industries generate business activity not only in the region, but across the state and the nation. In order to be in a position to fully take advantage of future opportunities, it is imperative that the underlying capabilities remain in place - the workforce, the infrastructure, the supply chain, the equipment, and the community support systems. Given the current situation, maintaining this viability requires immediate action from governments at all levels and the private sector.
The Impact of Developing the Keystone XL Pipeline Project on Business Activity in the US: An Analysis Including State‑by‑State Construction Effects and an Assessment of the Potential Benefits of a More Stable Source of Domestic SupplyReport Published on June 13, 2010
TransCanada Keystone Pipeline LP Ltd., proposed the Keystone Pipeline in February 2005, a $5.2 billion project to connect reliable oil supply regions in Canada with key US refining and distribution centers. In July 2008, TransCanada announced Keystone XL, an approximately $7 billion pipeline project that complements the original Keystone Pipeline and nearly doubles the size and capacity of the Keystone Pipeline System with an expansion to the US Gulf Coast. With Keystone XL, the Keystone Pipeline System would have the capacity to deliver approximately 1.1 million barrels of Canadian crude oil to US markets each day.