Midland gushes jobs Midland gushes jobs https://www.recenter.tamu.edu/news/newstalk-texas/?Item=62982013-09-19T09:28:00Z2013-09-18T09:00:00Z

MIDLAND - From 2002 to 2012, Midland County gained 27,585 jobs, a 52.6 percent growth rate. The county is projected to gain 19,461 new jobs between 2013 and 2023.

The Permian Basin region will continue to be the largest and most important on-shore oil and gas production region in North America for many years. Most projections point to a 50 to 100 percent increase in crude oil production by 2016 compared to 2012 levels, which were well over 1 million barrels per day.

Several major business expansions in Midland and Odessa will lead to hundreds of millions of dollars of direct capital investment and thousands of direct, indirect and induced jobs.

Major Expansions (2012-2013)*
Company Direct Impact on Midland
XCOR Aerospace $12 million capital investment,
100 new jobs
Renovation of downtown office building
for corporate headquarters
Pioneer Natural
$50 million capital investment,
300 to 400 new jobs
Chevron $100 million capital investment,
up to 270 new jobs
EOG Resources 86,000-sf regional headquarters
Devon Energy $2.5 million capital investment,
60 new jobs
Baker Hughes** $22 million capital investment
Halliburton** $13 million capital investment
TMK IPSCO** $17 million capital investment,
100 new jobs



Online news
http://www.midlandtxedc.com/Read more at {Source}

 Search NewsTalk Texas