Building a safer Permian Basin, one lane at a time
The prosperity produced in the Permian Basin has invigorated the local and state economy and has brought energy security to America and her allies.
According to the U.S. Energy Information Administration (EIA), U.S. crude oil production surpassed 12 million barrels per day in April and in a report out this week, the EIA noted that the "Permian Basin in western Texas and eastern New Mexico continues to drive record national oil production growth...account[ing] for about 63% of Texas and 96% of New Mexico crude oil production."
The EIA also recognized that between "January 2018 to April 2019, Texas crude oil production increased by 1.1 million b/d (28%) and New Mexico production increased by 345,000 b/d (64%)."
And while these record levels of production have provided untold prosperity in Texas and New Mexico, they have also created challenges that our industry continues to work toward solving.
One of these primary issues that has been a focus for some time is addressing infrastructure challenges that we all see throughout the Permian Basin.
In the recently completed Texas Legislative Session, the Permian Basin Petroleum Association (PBPA) strongly advocated for increased funding for county roads in these energy producing areas. This session, PBPA, along with member companies and allies, advocated and secured $250 million in funding for county roads. This legislative effort was signed into law by Governor Greg Abbott as part of the state budget and we look forward to these grants helping the interconnectivity that we all rely on in energy producing counties.
In Texas, PBPA is working directly with the Texas Transportation Commission, the Texas Department of Transportation (TxDOT), and the United States Department of Transportation (USDOT), to support funding for transportation programs in the Permian Basin. Specifically, PBPA has joined with regional partners like the Midland-Odessa Transportation Alliance (MOTRAN) to create a focus over the next few years to finance $600 million worth of projects in each of the next two years in the Permian Basin through the Unified Transportation Plan (UTP).
Federally, we have worked with TxDOT to support their BUILD grant applications to the USDOT to work on specific stretches of state and federal highway that need large and immediate investment. On that front we have worked with the Permian Basin Metropolitan Planning Organization to focus support on stretches of U.S. Interstate 20 that are in clear need of repair.
This is an ongoing challenge that we are looking to address for the short and long term success of these vibrant communities here in the Permian Basin. Our companies are proud to be a part of this energy revolution and we know that the health and longevity of the energy industry and of these communities will rely on adequate infrastructure being constructed.
With help from local, regional, and statewide officials, PBPA will continue to focus on the needs of our communities and represent the Permian Basin to make them as prosperous for the next generation that calls it home.
PBPA in the Media
The following CNN Business videos discuss hydraulic fracturing and water use in the Permian Basin. The video series features several PBPA current and former Board members; Clint Walker of CUDD Energy Services, Tommy Taylor and crew of Fasken Oil and Ranch, and Steve Pruett of Elevation Resources.
- With PBPA’s constant activity in the political arena, the association has received much press. Listed below is a sample of the major media outlets that have featured PBPA recently.
- Wall Street Journal
- New York Times
- Fox Business
- Fox Nation
- CNN Money
- World News Tonight
- WFAA TV Dallas-Fort Worth
- Fortune Magazine
- The Weekly Standard
- Varney & Co. (Stuart Varney – Fox Business)
- NPR (National Public Radio)
- San Angelo Standard Times
- Austin American Statesman
- Odessa American Online
- CBS 7 Midland-Odessa
- Abilene Reporter News
- KMID-ABC Midland Odessa Big 2
- News West 9 Midland Odessa
- Hispanic Business Magazine
- WAPI 1070 Birmingham’s Talk FM
- WBSM 1420 Boston’s Talk AM
- WJR 750 Detroit’s Talk AM
- WJIM 1240 Lansing, MI, Talk AM
- WGOW 1150 Chattanooga, TN Talk AM
- KSFO Hot Talk 560 AM San Francisco/Oakland Talk AM
- Hill Top Times (Hill Top Air Force Base publication)