Study Shows Texas E&P Impact Could Hit $20.5 Billion by 2022

摘要

The economic impact of oil and natural gas operations in West Texas could hit $20.5 billion by 2022, according to a study by the University of Texas at San Antonio's Institute for Economic Development. Released in December, the study said that the Cline and Wolfberry plays will generate $701 million in state revenue in 2022, including $334 million in severance taxes, as well as creating up to $9.4 billion in gross regional product.