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Sun Nov 18, 2018, 02:09 PM

U.S. shale firms offer $100 million to aid Texas, New Mexico

Source: Reuters

BUSINESS NEWS NOVEMBER 18, 2018 / 7:08 AM / UPDATED 6 HOURS AGO

Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico

Jennifer Hiller
4 MIN READ

HOUSTON (Reuters) - More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.

Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 companies backing the Permian Strategic Partnership, as the consortium is called, Don Evans, a former U.S. government official and energy executive helping launch the group, told Reuters on Saturday.

The group seeks to address labor and housing shortages, overtaxed health care and traffic congestion caused in part by companies descending on the Permian Basin, the nation’s largest oilfield, where they hope to pump billions of dollars’ worth of oil and gas in coming decades, experts said.

“It’s a significant amount of money, but these are huge challenges,” said Evans, a former U.S. Secretary of Commerce who lives in Midland, Texas, the epicenter of the shale oil revolution. “We don’t have enough teachers. We don’t have enough doctors.”

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Read more: https://www.reuters.com/article/us-usa-shale-consortium-exclusive/exclusive-u-s-shale-firms-offer-100-million-to-aid-texas-new-mexico-idUSKCN1NN0EY

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Reply U.S. shale firms offer $100 million to aid Texas, New Mexico (Original post)
Eugene Nov 2018 OP
RainCaster Nov 2018 #1

Response to Eugene (Original post)

Sun Nov 18, 2018, 02:18 PM

1. Use that money to build wind and solar plants

The jobs and improvements in ecology-caused health issues would be a win.

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