Feb15

Texas Oil, Texas Gas, Texas Triumph

posted by: Susan Tiholiz

What recession? Texas has achieved the fastest economic recovery in America — a victory we Texans owe largely to our trusted pals, Oil and Gas.

High oil prices, new extraction techniques, new technologies, and the general energy industry have spurred many Americans, as well as native Texans, to migrate across the state to take part in its booming oil-and-gas production.

This energy boom has helped several counties in Texas gain more than 3% of population from domestic migration, according to the U.S. Census Bureau. Midland-Odessa, known as the administrative center of the West Texas oil fields, ranked No. 1 in the U.S. in population growth percentage.

Oil and Gas certainly boosted Texas’s economy after the 2008 recession, but we also owe the triumph to our favorite couple, Professional and Business Services — the kind of high-paying services that attracted more than 132,000 people to Dallas-Ft. Worth and more than 125,000 to Houston between July 2011 and 2012.

These are the highest numbers in the country, putting D-FW and Houston in first and second place in the U.S. for biggest metropolitan area population growth.

Thanks to our thriving oil and gas production, our persistent entrepreneurship, and our professional and business services, Texas has again proven herself to be a bona fide U.S. champion.

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