Today’s Energy Update
(Because Energy Fuels Our Lives)
Tracee Bentley has a big job on her hands. Fortunately, as she pointed out in my interview with her on Wednesday, she’s going to have a lot of help.
This past Monday, March 18, was Bentley’s first day on the job as CEO of the Permian Strategic Partnership, the non-profit organization formed last fall by 20 of the largest producers in the oil and natural gas-rich Permian Basin of West Texas and Southeast New Mexico. As I noted back in November, the formation of this new organization is both timely and much-needed:
The Permian Basin is just the latest example of how this industry’s operations can strain a region’s infrastructure and vital service systems. A heavy influx of new, mostly child-bearing age workers, thousands of heavy trucks rolling down county roads and over city streets, dust, noise and traffic jams, all taking place in a region of West Texas and Southeast New Mexico typified by smaller communities will inevitably lead to changes in the quality of life that are upsetting to many residents and community leaders.
These are exactly the kinds of regional issues the Permian Strategic Partnership (PSP) was created to help the area’s communities address. The organization’s website lists its key priority areas of focus this way: “By partnering with local leaders, we will work hard to make roads safer, improve schools, upgrade healthcare, increase affordable housing, and train the next generation of workers.” The member companies are dedicating a lot of scratch to this effort, with an initial commitment of more than $100 million to be directed towards specific projects in the region.
When asked about how the PSP will go about directing these funds and its efforts, Bentley is quick to emphasize the word “partnership”: “We don’t want people to think that we’re just going to come in and take over. That’s not good for anybody, and the oil and gas business is not in the construction business, so to speak, when it comes to things like schools and roads. But what we are really good at is partnering with communities. We do it every day across the basin on so many different things.”
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