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The Economic and Fiscal Benefits of The University of Texas Permian Basin
Report Published on October 05, 2020

The educational opportunities offered by The University of Texas Permian Basin enhance employment prospects for students and improve the regional workforce and economic development potential. In fulfilling its primary role, UT Permian Basin generates a significant economic stimulus as well as incremental tax receipts. The University provides direct well-paying jobs, engages in major projects, and supports important research. Graduates are essential to the current and future business complex and enhance the competitiveness of the area. These activities contribute to the economy of the local area, region, state, and nation.

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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, 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.

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Priority Midland by the Numbers: An overview presentation
Report Published on August 08, 2019

Midland 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.

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Buy the Basin: Potential Benefits to Increasing Local Purchases in the Permian Basin
Brief Published on June 05, 2020

Increasing local spending can lead to significant benefits in the Permian Basin Region including additional retail sales and jobs, as well as tax receipts to local entities. The Perryman Group estimated the economic benefits if people in the Region increased spending at local retail stores, restaurants, and personal services establishments to levels consistent with patterns in other areas. These amounts are fully adjusted to reflect goods and services that are available in the Permian Basin and income levels of area residents.

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The Economic Outlook for Texas and the Permian Basin: Projected Recession and Recovery from COVID‑19
Brief Published on April 22, 2020

Drastic, 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.

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Priority Midland by the Numbers: Executive Summary
Brief Published on August 15, 2019

Midland 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.

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Priority Midland by the Numbers: Overview
Infographic Published on August 15, 2019

Recent 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.

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Priority Midland by the Numbers: Housing
Infographic Published on August 15, 2019

Recent 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 housing. In light of this growth, it is imperative that additional land be available for residential development. 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.

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Priority Midland by the Numbers: Education
Infographic Published on August 15, 2019

Recent 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 population growth and education. 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.

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Priority Midland by the Numbers: Quality of Place
Infographic Published on August 15, 2019

Recent 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 increasing the area's "quality of place." 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.