MIDLAND—The Permian Strategic Partnership, a coalition of 25 Permian Basin energy companies and two university systems, has released its 2025 Annual Report highlighting investments the organization says are strengthening local communities while helping drive American energy production and economic growth nationwide.

Since its founding in 2019, the PSP has invested approximately $21 million in education, healthcare, workforce development, and road safety initiatives across 22 counties in West Texas and Southeast New Mexico. In collaboration with public partners and community stakeholders, these contributions have helped leverage more than $2.3 billion in additional funds to support long-term improvements across the basin.

“We have assisted in opening five new school campuses, expanding 11 healthcare professional training programs, opening four new career and technical education centers, and reducing traffic fatalities by over 10%—and even more projects are planned for the future,” the report says. “As new schools and healthcare centers open, students graduate from training and residency programs, and roadways become safer, these collective investments will continue to make an impact well into the future to strengthen the Permian Basin as a place where families can thrive, businesses can grow, and communities can prosper for generations.”

The 2025 report highlights several new initiatives, including a pediatric residency program, expanded investments in career and technical education, two tele-audiology clinics, and a regional mental health summit.

“This year, we partnered with New Mexico Junior College to expand the Commercial Driver’s License program, contributing $1 million toward improving roadway safety and increasing the number of certified drivers on our roadways,” writes Tracee Bentley, the organization’s president and CEO. “Investments like these are essential as our region grows and traffic volumes increase across the region.

“Education and workforce readiness also remain central to PSP’s mission,” she continues. “In 2025, the PSP invested $15 million to support expanding career and technical education opportunities for students at both Artesia Public Schools and Southeast New Mexico College. We were also proud to support future educational leaders across our region enrolling in the Holdsworth Aspiring Principals’ Program, designed to strengthen collaboration and develop strong leaders on our school campuses.”

Economic Impact

Alongside its annual report, the PSP publishes Power of the Permian, a look at the industry’s economic impact. It estimates that the Permian Basin supports 940,000 U.S. jobs, including 698,000 in Texas and 153,000 in New Mexico.

Between economic growth and retirements, the demand for workers in the basin itself is expected to grow. Citing the Perryman Group, the PSP projects the number of workers will jump from 384,000 last year to almost 497,000 by 2040, a gain of more than 173,000.

The industry contributed $114 billion to the U.S. balance of trade in 2025 and will likely account for nearly 50% of projected U.S. oil production by 2027, the PSP adds.

For the annual report, which has chapters dedicated to education, healthcare, workforce development and road safety, see Expanding the Pipeline. For the economic impact analysis, which includes statistics on the industry’s contribution to tax revenue, see Power of the Permian.

“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,” Bentley says. “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 members of the PSP include BPX Energy, Chevron, ConocoPhillips, Devon Energy, Diamondback Energy, EOG Resources, ExxonMobil, Mewbourne Oil Company, Occidental, Ovintiv, Permian Resources, and Phillips 66. Also involved are service companies such as Halliburton, Helmerich & Payne, Liberty Energy, ProPetro, and SLB; midstream companies such as Energy Transfer, Kinetik, Plains All American, Targa Resources, and Western Midstream; water infrastructure specialists Deep Blue and WaterBridge Resources; the utility Oncor; and two university systems: Texas Tech and the University of Texas.