A new study revealed the contribution made by the Texas pipeline industry to the state’s economy. In an investigation commissioned by the Texas Pipeline Association, researchers at Texas Tech University found that the oil and gas pipeline industry employed over 238,000 workers in the Lone Star State in 2019. The sector had an economic impact of $48.6 billion and generated $2.7 billion in revenue for the state treasury.
The TPA completed the initial stage of the study in 2014. This study examined the impact of midstream oil and gas services on the economy. Over the past six years, Texas pipeline mileage increased by more than 13 percent. Also, employment levels have risen 40 percent compared to 2013 levels.
The TPA argues this shows how new pipelines are critical to supporting the economy and improving sustainability. Counties receive on average $12,350 in property tax for every mile of pipeline crossing their territory, according to TPA president Thure Cannon. A 20-inch pipeline running through a county removes 1,600 trucks from the road each day, Cannon added.