It’s no secret that the oil and gas sector has been one of the few bright spots in the U.S. economy during the past few years.
A recent PricewaterhouseCoopers (PWC) report estimates the oil and gas industry supports about two million direct and indirect Texas jobs that power 24 percent of the state’s economy. As a result, Texas residential and commercial real estate markets are largely outperforming those in the rest of the country.
Although employment gains reach well beyond the oil patch, some of the biggest effects have been in areas at the heart of drilling activity. Our research shows the significant impact oil and gas activity is having on some of the most active counties in the Permian Basin and Eagle Ford and Barnett shale regions, referred to in oilfield jargon as “plays.”
Read more...Texas Gushing Over Oilfield Jobs | the Blog of the Real Estate Center
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