A new Texas Tech University study shows the oil and gas pipeline industry had a more than $60 billion economic output in Texas in 2022.
The study was conducted by the University’s Center for Energy Commerce and showed the industry’s economic output in 2022 was $60.5 billion and also provided more than $34 billion in additional gross state product.
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The Analysis of the Current and Future Economic Impact of the Texas Oil and Gas Pipeline Industry study also showed the industry provided nearly $3.6 billion in state and local government revenues and more than 234,000 jobs reported The Odessa American.
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