support permian basin oil production

The Permian is a key driver of Texas’ economy, with development in West Texas spurring economic growth regionally and statewide. In March, it was reported that Midland, Tex., had the state’s lowest unemployment rate at 2.4 percent. Since then, the unemployment rate has dropped even further to 2.1 percent in May, according to the latest data from the U.S. Bureau of Labor Statistics.