Economist: Next Wave of Oil Boom Profits to Come from Housing in Permian Basin

DENVER, COLORADO--July 22, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The oil boom in the Permian Basin has doubled the size of the workforce in two West Texas counties over the last decade, and a further doubling is projected for the next decade, an economist told an energy conference in Denver last week. He said that companies not in the oil business can still benefit from the boom through housing construction--apartments, homes and hotels--in West Texas' Midland and Ector counties, the center of Permian Basin oil production.

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