Permian Basin Economic Indicators

The Permian Basin oil region is the 2nd largest oil and gas shale producer in the world. In fact, outside of Houston, no other area in the US plays a more important role in the nation’s energy industry than the Permian Basin. Midland’s economy is heavily influenced by the oil and gas industry, an industry that has continued to grow as technology has made it possible for U.S. companies to remain competitive at home and abroad. 

Permian Basin MSA Economic Index October 2022


September 2022 October 2022

% Change

Energy 92.9 94.4 +1.5
Construction 175.9 128.5 -47.4
Manufacturing 93.0 94.5 +1.5
Retail 125.0 124.4 -0.6
Financial Services 119.9 120.4 +0.5
Real Estate 158.0 155.1 -2.9
Professional & Business Services 105.4 105.6 +0.2
Health Care 97.6 97.4 -0.2
Hospitality & Tourism 146.0 145.5 -0.5
Other Activity 113.9 114.9 +1.0
Permian Basin Composite 101.5 101.6 +0.1

Note: Industries are not weighted equally in calculating the Industry Composite; see the Appendix for further explanation. The Permian Basin Region includes Andrews, Borden, Crane, Dawson, Ector, Gaines, Glasscock, Howard, Loving, Martin, Midland, Pecos, Reeves, Terrell, Upton, Ward, and Winkler counties.
Source: The Perryman Group

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