Texas | AEIdeas

Monday, May 20, 2013

Midland, Texas: The most economically successful MSA in the country, thanks to the shale oil boom in Permian Basin

Mark J. Perry | May 19, 2013, 11:38 am

As a direct result of all the shale oil and gas activity in the Permian Basin area of West Texas, the economy of Midland, Texas is booming. The April unemployment rate in Midland fell to 3%, which is the lowest … read more >

Carpe Diem

Chart of the day: Building permits in Midland, Texas surge to a record high in March, thanks to the shale oil boom

Mark J. Perry | May 15, 2013, 12:31 am

The economy of Midland, Texas is prospering, thanks to the shale oil boom taking place near there. In March, it had the lowest metro area jobless rate in the country at 3.1%. Further, as I reported recently on CD: 1. … read more >

Carpe Diem

WSJ profiles a tale of two oil states – ‘Saudi Texas’ vs. ‘economic basket-case California’

Mark J. Perry | May 6, 2013, 10:05 am

From today’s WSJ editorial “A Tale of Two Oil States“: Texas and California have been competing for years as U.S. growth models, and one of the less discussed comparisons is on energy. The Golden State has long been one of … read more >

Carpe Diem

The meteoric rise in Texas oil output continues and is one of the most remarkable energy success stories in US history

Mark J. Perry | April 29, 2013, 8:50 pm

The Energy Information Administration released new US crude oil production data today for the month of February by state, and one of the highlights of the monthly update is that oil output in America’s No. 1 oil-producing state – Texas … read more >

Carpe Diem

Energy fact of the day: Eagle Ford Shale sets oil production record in February, with a 74% increase from a year ago

Mark J. Perry | April 22, 2013, 6:08 pm

Bloomberg — “Oil production in Texas’s Eagle Ford shale formation reached an all-time high in February as it climbed 74 percent compared with a year earlier. “The nine geographic fields that make up the majority of Eagle Ford yielded 471,258 … read more >

Carpe Diem

Amazing Texas oil facts from the Eagle Ford Shale and Permian Basin areas — teenagers are making $75,000

Mark J. Perry | March 15, 2013, 10:27 am

Facts and anecdotes about the oil boom in Texas, especially in the Eagle Ford Shale and Permian Basin areas, from this Bloomberg article: 1. The first Eagle Ford well was drilled in 2008 when 26 drilling permits were issued and the area produced … read more >

Carpe Diem

Economic fact of the day: Texas is country’s top job creator

Mark J. Perry | November 20, 2012, 3:11 pm

Since the recession ended in June 2009, the U.S. economy has added 3,252,000 payroll jobs, and 601,800 of those jobs have been created in just one state – Texas. With only a little more than 8% of the U.S. population, … read more >

Carpe Diem

Texas oil output reached a 24-year high in August, helping the state create 1,000 new shovel-ready jobs every business day

Mark J. Perry | November 1, 2012, 11:09 am

According to new data from the Department of Energy, daily oil output in Texas reached a 24-year high in August, when the state produced more than 2 million barrels per day (bpd) for the first time since June 1988 (see … read more >

Economics, Energy and the Environment

Energy fact of the week: Don’t mess with Texas

Steven F. Hayward | April 26, 2012, 1:48 pm

Both Mark Perry, on his invaluable Carpe Diem blog, and I have been tracking the oil boom in North Dakota, occasionally predicting that North Dakota could come to displace Texas as the top oil producing state in the U.S. (It’s … read more >

Politics and Public Opinion

Obama Pivots to Immigration Reform With Looming Border Speech

Bridget Johnson | May 6, 2011, 10:37 am

Fresh off the killing of the world’s most wanted terrorist, a move that after stewing a few days seems to be rankling reporters and irritating at least as many people who are hands-down excited about it, and facing the debt … read more >

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