US Sen. John Cornyn and TxDOT Chairman Bruce Bugg Jr. Join the PSP in commemorating transformative efforts

The Permian Strategic Partnership (PSP) proudly marks its fifth anniversary in 2024. To kick off the celebration and commemorate half a decade of transformative efforts in the Permian Basin, the PSP hosted a luncheon event featuring esteemed guests US Sen. John Cornyn and Chairman of the Texas Transportation Commission J. Bruce Bugg Jr. This event served as a testament to the partnership’s achievements and commitment to the region.

“The Permian Strategic Partnership has built a coalition of industry and community leaders committed to fostering upward mobility for West Texans by improving access to education, healthcare and infrastructure,” said Sen. Cornyn. “I was proud to join them in celebrating their fifth anniversary, and I look forward to seeing how their efforts will continue to benefit the Permian Basin in the years to come.”

Founded in 2019, the PSP is a first-of-its-kind organization that brings together businesses, universities and local leaders to invest in the community and enhance the quality of life for Permian Basin residents. With the help of its 27 members, the PSP leverages public-private partnerships to meet the Permian Basin’s needs, including investments toward an excellent education system, accessible healthcare network, affordable housing, safe roads and career development opportunities.

“TxDOT is proud to partner with local stakeholders, like the Permian Strategic Partnership, to develop and deliver important transportation projects throughout the state,” said Texas Transportation Commission Chairman J. Bruce Bugg Jr. “TxDOT’s investment in Permian Basin transportation projects has doubled since 2018. TxDOT looks forward to working with PSP on opportunities for future investment in the transportation infrastructure of the Permian Basin to continue the ‘Permian Promise’ for US energy resources for decades to come.”

“I want to thank everyone who came out to celebrate the first five years of the Permian Strategic Partnership’s work in our communities and to kick off the start. We have many more years to come. PSP is a true example of how states can work across borders toward shared goals,” said New Mexico Department of Transportation Cabinet Secretary Ricky Serna.

Over the past five years, the PSP has committed $160 million to generate over $1.5 billion in community support. These funds have gone toward:

  • Creating 134 state-of-the-art STEM centers
  • Supporting the certification of up to 700 teachers
  • Developing an Energy Education and Workforce Curriculum to inspire students to explore a career in oil and gas
  • Expanding healthcare access through a new behavioral health center
  • Upskilling workers with SkillPoint Alliance and programs like Odessa College’s Truck Driving Academy
  • Improving the safety of roads by equipping the Permian Basin’s first responders with lifesaving equipment

“The Permian Basin stands at the forefront of the global energy landscape, and its importance continues to surge. Our region must possess the necessary resources to meet this growing demand,” said Don Evans, PSP Chairman. “As we mark this five-year milestone, the PSP remains committed to advancing the economic and strategic interests of the Permian Basin. Together, we can continue to build a thriving and resilient future for our region, one that harnesses the full potential of this energy powerhouse.”

With the support of its member companies, stakeholders and dedicated partners, the PSP is poised to continue making a lasting, positive impact in the Permian Basin for years to come.

“As we pause to acknowledge the significant milestones achieved over the past five years, we also recognize that the work is far from complete,” said PSP President and CEO Tracee Bentley. “The Permian Basin’s prominence and impact are expected to grow exponentially over the next decade. By 2040, we anticipate requiring an additional 190,900 workers to meet the demands of this thriving region. Through our ongoing commitment to education, healthcare, safety and workforce development, we are dedicated to ensuring that these future needs are met while fostering the region’s continued success.”