The Permian Basin’s economic impact on Texas and the nation is growing. By 2050, the region is expected to contribute up to $260 billion in gross product and more than 1,000,000 jobs to the nation’s economy, according to a new report from The Perryman Group and the Permian Strategic Partnership (PSP).
According to the new report, the Permian is also responsible for $11.8 billion in 2021 Texas tax collections, 508,800 Texas industry jobs, and $1.9 billion in 2022 mineral revenue contributions to the Texas Public University Fund. The Permian will also contribute $3.58 billion to the Texas State Highway Fund in 2023 and $3.58 billion to the Texas Rainy-Day Fund in 2023 – the highest amount ever recorded.
“Over the last century, the Permian Basin has been the lifeblood of our nation – providing vital resources, jobs, and economic opportunities,” said Don Evans, PSP Chairman and Former U.S….
