Not only that staggering number, the Texas Alliance of Energy Producers estimated that roughly 238,0000 Texans were directly employed by the upstream oil and gas sector in 2018.
The University of Texas/Texas A&M Investment Management Company announced last month that the joint endowment it manages for two schools — University of Texas and Texas A&M University — surged to $30.9 billion, surpassing Yale’s $29.4 billion endowment during the 2018 fiscal year which ended on June 30. Texas’ high returns were largely buoyed by the mineral rights from land it controls in the Permian Basin — a stretch of land across western Texas that has recently become the world’s fastest growing oil-producing region due to advancements in hydraulic fracking. In the past 20 years, the state system’s endowment has edged out Yale’s twice — in 2002 and 2014.
I wonder how much of that is going to be used for border protection.
More @ DON'T TELL LEFTISTS: Texas Oil And Gas Industry Pays $38 Million A DAY To Fund Schools, Roads, First Responders
