West Texas Oil Boom Being Noticed Nationwide - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

West Texas Oil Boom Being Noticed Nationwide

Staff Report
NewsWest 9

PERMIAN BASIN - The big boom in the Basin is getting noticed Nationwide.

Experts are saying the economic slowdown's not messing with our part of Texas.

20 percent of our Nation's oil is produced here, and the spike in prices means a increasly good economy.

As we all know, the last oil boom was in the eighties,  after that bust, West Texas cities and people who live here are reporting they're being more careful with their cash this time around.  

Experts say there's about 15 billion barrels left in the basin, about 70 percent of its total capacity.  

Powered by Frankly