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.
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:
- Midland,
- oil and gas,
- Permian Basin,
- petroleum
How many barrels of oil are there in the reserves in the Permian Basin?
Radio Spot Broadcast via Texas State Networks on November 25, 2019The newest numbers on oil reserves in the Permian Basin are in, and Dr. Perryman says they are staggering.
- Tags:
- oil reserves,
- Permian Basin
What factors contribute to making the Permian Basin the largest oil and gas field in history?
Radio Spot Broadcast via Texas State Networks on August 09, 2019It now appears the Permian Basin will be the largest oil and gas field in history. Dr. Perryman says by 2020, the Permian will produce seven to eight million barrels per day.
- Tags:
- oil and gas,
- Permian Basin
How does Texas contribute to the oil and gas industry, and how does the industry benefit Texas?
Radio Spot Broadcast via Texas State Networks on July 12, 2019The latest numbers on oil production reveal the US is now producing 12 million barrels of oil per day, and Dr. Perryman says Texas is at the forefront.
- Tags:
- oil and gas,
- Texas
How has the oil and gas industry recovered in Texas, and in what ways will this impact the economy?
Radio Spot Broadcast via Texas State Networks on February 15, 2017The oil patch is again showing signs of life, and Dr. Perryman sees a number of reasons to be optimistic about the effect it will have on the state's economy.
What does Exxon Mobil's $7 billion purchase of the Bass interest in the Permian Basin indicate about the state of the oil industry?
Radio Spot Broadcast via Texas State Networks on January 19, 2017Exxon Mobil says it's purchasing the Bass interest in the Permian Basin for a whopping $7 billion. Dr. Perryman says this is a clear signal.
- Tags:
- Exxon Mobil,
- oil industry,
- Permian Basin
What would a GE ‑ Baker Hughes merger mean for the companies and the oil and gas industry as a whole?
Radio Spot Broadcast via Texas State Networks on October 31, 2016GE and Baker Hughes are joining their oil and gas businesses to create a powerful player in the energy sector. Dr. Perryman takes a look at what it means.
- Tags:
- Baker Hughes,
- GE,
- merger,
- oil and gas
How will the latest Permian Basin discovery affect it's future?
Radio Spot Broadcast via Texas State Networks on September 12, 2016Dr. Perryman says the massive discovery in the Permian Basin that could yield three billion barrels of oil is just the most recent chapter in the region's storied history.
- Tags:
- oil,
- Permian Basin
What does the Texas Workforce Commission's August jobs report say for the oil and gas industry?
Radio Spot Broadcast via Texas State Networks on September 08, 2016Dr. Perryman noticed something unusual inside the Texas Workforce Commission's August jobs report, and it could signal a comeback for one troubled industry.