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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 29, 2013
Page
1
The federal government projects 2016 oil output at about 9.6 million barrels per day, a peak not seen since 1970, signaling a new high for U S crude production and signaling strong energy activity.
In the Permian Basin oil boom, roadways face heavier traffic and wear while oil and gas tax revenues largely return to state coffers not earmarked for roads. The basin leads Texas in crude and natural gas output with more rigs and permits, producing about 30 percent more crude than Eagle Ford. Tax figures show Ector County $29 million and Midland County $42 million from January 2012 to April 2013.
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