The Permian Strategic Partnership is now backed by 17 of the top U.S. energy companies like Chevron, EOG Resources, Exxon Mobil. The energy companies have pledged $100 million in total to ease the stress that the booming population has inevitably put on healthcare, civic infrastructure and education.

They hope to address housing and labor shortages, traffic congestion issues and the overtaxed health care system in the Permian Basin. Midland is, of course, the epicenter of the shale oil boom. The city needs more teachers and more doctors to serve the growing population too. Restaurants need more employees too. These potential workers need more available housing.

Essentially, it’s a virtual gold rush and the area needs a little boost to keep up with the demands of such tremendous growth. Now, the area will have $100 million more to work with. We’ll keep you posted as we learn more about plans and timelines for the area.

Are You Buying a Home in Midland?

The Underwood Group is a team of top real estate professionals in Midland. We know Midland real estate, so if you’re thinking about buying with this kind of market, you’ll absolutely need our expertise. Call our team of Midland real estate agents at 432-698-0411 today.

If you’re looking for a new home, search by school district or search Midland real estate listings by price:

Hoping To Sell A Home In Midland?

It won’t be hard to sell your Midland home, but when you choose to list your house with us, our experience can help ensure that you get the highest return on your investment! Plus, Midland 1st Choice Real Estate offers a Free Market Analysis to clients. This free analysis provides our clients with the best comparative value by looking at similarly featured home recently listed and sold.

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