Texas Tech Experts Commissioned For Report On Economic Impact Of Permian Basin Oil and Gas Industry
Wed, 09/10/2014 - 16:35
News Staff
The region’s petroleum business generates billions of dollars, thousands of jobs. By now, everyone’s heard the stories, or knows someone who is involved. Hotel rooms in the Midland-Odessa area going for $400, or more, per night. Trailer parks, even in neighboring towns like Snyder, Andrews and Seminole with no vacancies. People leaving careers they’ve trained or earned degrees for, or both, for the high-paying oil field jobs. Fast-food workers earning close to $20 per hour.Those are just some of the examples of how the recent boom in the oil and gas business has impacted economically not only the Permian Basin but all of West Texas. But the impact goes well beyond that.
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