Sep 18, 2013
Midland gushes jobs
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...
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.
| Company | Direct Impact on Midland Economy |
| XCOR Aerospace |
$12 million capital investment, 100 new jobs |
|
Concho Resources |
Renovation of downtown office building for corporate headquarters |
|
Pioneer Natural Resources |
$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 |
*AngelouEconomics
**Odessa
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