PSP publishes inaugural report

More than $48 million in direct investments contribute to more than $844 million in collaborative investments

MIDLAND The Permian Strategic Partnership, formed just two and a half years ago as a way for energy companies to join together to invest in Permian Basin communities, has published its inaugural report, a press release stated. The report highlights the impact the organization has had, committing more than $48 million in contributions and helping transform that into more than $844 million in community-led investments.

“It is through the efforts of many that the Permian Basin has risen in prominence, achieving energy security for the nation and prosperity for the region, state, and nation” PSP Chairman Don Evans stated in a news release. “In the same spirit, the Permian Strategic Partnership leverages its relationships with like-minded organizations, local, state and national leaders, and public partners to achieve far more together than we could alone.”

Tracee Bentley, PSP president and CEO, stated in the press release that investing in the Permian Basin is the right thing to do “for the future of our industry, for the vitality of the region’s communities, and for the country. The members of the Permian Strategic Partnership feel a social responsibility to give back to this region that has given jobs, energy security, and economic stability to the U.S. The impact of this commitment can be seen throughout this report.”

Working in collaboration, the PSP reportedly has increased funding for education, invested in career training, expanded healthcare access, improved safety and infrastructure, made housing more affordable for teachers, and expanded broadband access across the Permian Basin.

‟Working with the Permian Strategic Partnership has shown what is possible when government, philanthropy, and the private sector work together toward common goals. As Governor of Texas, I am proud of the innovation spurred on by the PSP as we all strive to keep Texas the premier place to live, work, and raise a family,” Texas Gov. Greg Abbott stated in the report.

PSP also has helped move New Mexico forward by providing innovative private-sector support for public needs.

“… From investing in a forward-thinking new school in Hobbs to standing up behavioral health services in Carlsbad, the PSP is paving a new path for industry to give back to local communities,” New Mexico Gov. Michelle Lujan Grisham stated in the report.