(World Oil) – The Permian basin continues to strengthen its position as a key driver of U.S. energy production and economic growth, supporting more than 940,000 jobs nationwide and contributing billions of dollars to local, state and national economies, according to new reports released by the Permian Strategic Partnership (PSP).
The organization’s 2025 Annual Report and accompanying Power of the Permian economic impact study highlight the basin’s expanding role in U.S. energy security and long-term economic development.
According to the report, the Permian currently accounts for more than 44% of active drilling rigs operating in the United States and is projected to generate approximately $366 billion in gross product impact by 2050. The basin also contributed an estimated $114 billion to the U.S. balance of trade in 2025.
The study found that the Permian basin currently supports more than 940,000 jobs nationwide, with that figure projected to grow to approximately 1.16 million jobs by 2050. The basin is also expected to account for nearly half of U.S. oil production by 2027.
The reports also highlight community investments made through the Permian Strategic Partnership, a coalition of 25 energy companies and two university systems focused on improving quality of life across West Texas and southeast New Mexico.
Since its formation in 2019, the PSP has invested approximately $215 million in education, healthcare, workforce development and transportation safety initiatives across 22 counties in the region. Those investments have helped generate an estimated $2.3 billion in broader regional impact.
“The Permian basin continues to play a critical role in powering the U.S. economy while supporting the communities at the center of this region’s growth,” said Tracee Bentley, president and CEO of the PSP. “These reports reflect the impact that long-term investment, collaboration, and regional partnership can have across both local communities and the broader American economy.”
The 2025 report highlights several recent initiatives, including expanded career and technical education programs, a new pediatric residency program, tele-audiology services and regional mental health programs designed to support workforce and community development throughout the basin.
