Texas Tech University

Texas pipelines to have $374-billion economic impact through 2024

Oil and Gas Journal

July 8, 2015

Oil and Gas Journal - Bradley Ewing, a professor of energy economics in the Rawls College of Business, and Marshall Watson, department chairman of the Bob L. Herd Department of Petroleum Engineering, discuss the economic impact of the Texas pipeline industry from now through 2024.

Between the current year and 2024 the Texas pipeline industry will generate cumulative economic impacts (in today's dollars) of around $374 billion in economic output, $212 billion in additional gross state product, and contribute $19.5 billion to state and local government revenues.

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