The economic impact of oil and gas development in the Permian Basin: Local and spillover effects

The Permian Basin is one of the most prolific oil and natural gas geologic basins in the US. With soaring production in the last decade, the economic impact of oil and gas development in the basin has become a pressing policy question to answer. This paper presents the first basin-wide study that examines both the employment effect and the income effect of the Permian Basin development. We consider not only the local impact but also the spatial...