To Retain Workers in the Permian Basin, Texas Schools will be Updated
Authorities will invest in upgrading Midland schools to attract and retain family oil shale workers in the community
Voters in the US have approved a $1.4 billion bond sale to repair and expand the aging, overcrowded school system in Midland, Texas, the unofficial capital of US shale oil.
The initiative has received support from many of the region’s largest oil companies, including Chevron, Diamondback Energy and Pioneer Natural Resources, which ExxonMobil is buying in its largest takeover in more than two decades. This is intended to attract families to the city and reduce the shortage of workers.
The fracking industry in the Permian Basin, where about 46% of the nation’s oil is produced, requires a large, skilled workforce that is difficult to retain given the dismal state of hospitals, roads and education systems in small towns.
At the same time, industry experts remind that the Permian Basin is also a gas producer in the United States. Without Perm, the increase in gas production in the country will be quite modest – the remaining shale formations have already reached the natural gas production shelf. At the same time, the speed with which the Permian Basin is gaining production will also be characteristic of its decline. Moreover, the sharp increase in gas production is a major sign of the province’s depletion. Therefore, the future of this shale formation is unclear.
