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:
- coronavirus,
- COVID-19,
- energy,
- oil,
- Permian Basin
The Economic Outlook for Texas and the Permian Basin: Projected Recession and Recovery from COVID‑19
Brief Published on April 22, 2020Drastic, but necessary, measures to "flatten the curve" and prevent a major spike in COVID-19 infections have involved shutting down much of the economy. The inevitable result has been the loss of millions of jobs and a sudden and unprecedented downturn.
- Tags:
- coronavirus,
- COVID-19,
- energy,
- oil,
- Permian Basin
The Economic Outlook for Texas and the Midland MSA: Projected Recession and Recovery from COVID‑19
Brief Published on April 22, 2020Drastic, but necessary, measures to "flatten the curve" and prevent a major spike in COVID-19 infections have involved shutting down much of the economy. The inevitable result has been the loss of millions of jobs and a sudden and unprecedented downturn.
- Tags:
- coronavirus,
- COVID-19,
- energy,
- Midland,
- oil
The Economic Outlook for Texas and the Odessa MSA: Projected Recession and Recovery from COVID‑19
Brief Published on April 22, 2020Drastic, but necessary, measures to "flatten the curve" and prevent a major spike in COVID-19 infections have involved shutting down much of the economy. The inevitable result has been the loss of millions of jobs and a sudden and unprecedented downturn.
- Tags:
- coronavirus,
- COVID-19,
- energy,
- Odessa,
- oil
Where is the energy sector headed?
Radio Spot Broadcast via Texas State Networks on December 17, 2020As the oil markets show signs of recovery, Dr. Perryman explains how the sector has changed and adapted to move forward.
- Tags:
- energy,
- oil and gas,
- renewable energy
What direction is Texas' energy sector headed?
Radio Spot Broadcast via Texas State Networks on December 02, 2020Dr. Perryman explains the state's expansion into renewable energy resources.
- Tags:
- energy,
- renewable energy,
- wind
Rumors of Oil's Death Have Been Greatly Exaggerated
Column Published in syndication December 09, 2020Among the myriad industries affected by the COVID-19 pandemic is one particularly critical to Texas: oil! As much of the global economy shut down to slow the spread of the virus this spring, fuel demand plummeted. Prices plunged, with futures contracts even briefly going negative. The industry initiated a rapid shutdown of drilling activity, which rippled through an enormous supply chain and supporting retail and service enterprises in the affected communities and the entire state. Many service firms and large swaths of production and reserves changed hands, as capital resources for small and mid-sized firms became virtually nonexistent.