Perryman: 85% of regional gross product stays in Midland

Photo: Daniel Acker, Bloomberg

Economist Ray Perryman told a gathering of elected leaders Wednesday that there’s a reason a development initiative would be beneficial to the Midland metropolitan statistical area.

He said during a presentation of his study — which looked at the implications of Midland’s anticipated growth — that more than 85 percent of the regional gross product in the Permian Basin oil and gas sector flows to the Midland MSA.

Read the Full Article Here