Celebrating Fifty Years of Excellence: The Economic Impact of The University of Texas Permian Basin
Report Published on October 26, 2023The University of Texas Permian Basin (UTPB or UT Permian Basin), now in its 50th year of operation, is the only four-year university in the area and provides the Permian Basin and beyond with qualified graduates and significant economic stimuli. The University serves a diverse student population and provides important cultural and professional resources for students, staff, and the surrounding community. The University prides itself on "thinking large and living local," which has direct economic and societal implications for the local graduates and the surrounding area.
Keeping it Together: Preserving the Permian Basin Energy Sector and the Odessa Economy through the COVID‑19 and Related Oil Market Challenges
Report Published on May 15, 2020The 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.
- Tags:
- energy,
- coronavirus,
- COVID-19,
- Permian Basin,
- oil
Priority Midland by the Numbers: An overview presentation
Report Published on August 08, 2019Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
Essential Energy: Texas' Role in Meeting Global Energy Needs Part 2 of 2
Newsletter Published on July 22, 2022 (Vol. 39, No. 06)Texas has been a major producer of oil and natural gas for over a century, and more recently has become a center for wind and solar power. Meeting future global needs will require all of these sources of energy, and the state will play an essential role.
- Tags:
- export,
- Permian Basin,
- fuels
Essential Energy: The Economic Importance of the Permian Basin Part 1 of 2
Newsletter Published on July 07, 2022 (Vol. 39, No. 05)The Permian Basin is among the most important oil-producing regions in the world. In addition to supplying needed energy, it also generates a substantial portion of Texas business activity. This issue highlights results of The Perryman Group's recent study of the economic and fiscal impact of the region.
- Tags:
- impact,
- Permian Basin,
- oil and gas
Priority Midland by the Numbers: Executive Summary
Brief Published on August 15, 2019Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
Economic Impact of The University of Texas Permian Basin
Infographic Published on October 26, 2023The University of Texas Permian Basin (UTPB or UT Permian Basin), now in its 50th year of operation, is the only four-year university in the area, providing local students with educational opportunities and the Permian Basin and beyond with qualified graduates. The University serves a diverse student population and offers important cultural and professional resources for students, staff, and the surrounding community. Through fulfilling its primary role, UTPB also generates notable gains in business activity.
Priority Midland by the Numbers: Overview
Infographic Published on August 15, 2019Recent advances such as hydraulic fracturing, horizontal drilling, as well as new discoveries, increased exports, and infrastructure improvements will lead to less volatility, larger scale drilling programs, increased cycle times, and a larger permanent workforce and population. These changes and their associated spin-off effects will lead to myriad economic benefits, including increased output (real gross product), greater personal income, new (and higher paying) jobs, additional retail sales, and enhanced tax revenues. The resulting growth brings enormous potential benefits, but also has profound implications for housing, infrastructure, education, health & wellness, and quality of place. Proactive efforts to prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.
- Tags:
- petroleum,
- Permian Basin,
- oil and gas,
- Midland
Priority Midland by the Numbers: Health & Wellness
Infographic Published on August 15, 2019Recent advances in the petroleum sector have led major analysts and energy companies to broadly anticipate expansive increases in Permian Basin production over the next few years. Much of this activity will be centered in the Midland area and the resulting growth will bring enormous potential benefits with profound implications for the health and wellness of the rapidly growing population. Proactive efforts to deal with issues and prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.
- Tags:
- health,
- health care,
- Permian Basin,
- healthcare,
- Midland
Priority Midland by the Numbers: Infrastructure
Infographic Published on August 15, 2019Recent advances in the petroleum sector have led major analysts and energy companies to broadly anticipate expansive increases in Permian Basin production over the next few years. Much of this activity will be centered in the Midland area and the resulting growth will bring enormous potential benefits with profound implications for roadways, water, and other infrastructure needs. Proactive efforts to deal with issues and prepare for the coming growth can position the area to emerge stronger and more prosperous in the future.