Oil, gas, energy all economic boosters to the Concho Valley economy.
Today at the chamber of commerce luncheon the president of the oil and gas association confirmed that for the first time in 50 years the US has surpassed the 10 million barrel a day mark in oil production and 40% of that comes from Texas.
He says the money that comes from the industry funds schools, the military, and many different types of businesses.
He says Texas is now a leader in that industry.
Todd Staples says, "Texas today leads the nation in oil and gas production, we lead the nation in the number of pipeline miles, we lead the nation in refining capacity.”
Staples says that investors in the oil and gas industry also invest in alternative energy sources.