Permian Strategic Partnership improves
education, healthcare, workforce development, and road safety
throughout Permian for over five years
Click here to watch the PSP's Year in Review Video
MIDLAND,
Texas, July 22, 2024 /PRNewswire/ -- The Permian
Strategic Partnership (PSP), a coalition of 30 leading Permian
Basin energy companies and higher education institutions committed
to strengthening and improving the quality of life for Permian
Basin residents, released its 2023 annual report today, reflecting
on the impact of their last five years. Since its creation in 2019,
the organization has doubled its membership and committed
$153 million in philanthropic
investments to generate over $1.5
billion in community support and collaborative
investments.
The Permian Strategic Partnership released
its 2023 annual report, reflecting on the impact of their last five
years.
As the philanthropic arm of the region's largest energy industry
employers, the PSP and its members have dedicated efforts to
strengthen and improve the quality of life for the communities
where their employees live, work, and raise their families. The
announcement highlights these companies and universities' profound
impact on the region's communities.
"As we look back on the remarkable progress we have made over
the past five years, we are filled with optimism and determination
for the journey ahead," said Tracee
Bentley, President and CEO of the PSP. "The Permian Basin
stands as a testament to the resilience and sustainability of our
community, and it is our collective responsibility to ensure that
its potential is fully realized. In the pursuit of this vision, the
importance of continued public-private partnership cannot be
overstated."
Since its founding, the PSP has emerged as an exemplary
philanthropic model for industries seeking to make impactful and
lasting investments in their communities. Through effective
public-private partnerships, the PSP has successfully enhanced the
quality of life for residents in the Permian Basin, spanning 22
counties in West Texas and
Southeastern New Mexico. The PSP's
notable investments have been dedicated to addressing critical
needs in the region, including:
- $65,100,000 in education
investments impacting hundreds of thousands of students
- $58,700,000 in healthcare
investments to strengthen and expand access for the region's 2
million residents
- $7,800,000 in critical road
safety initiatives, programs and life-saving equipment
- $13,900,000 in workforce
development to train and upskill the region's current
workforce
PSP has officially released its 2023 annual report highlighting
its extensive record of work and community investments. To read the
full report, visit: permianpartnership.org/2023-annual-report. PSP
also shared stories of those impacted by their five years of work
in their year-in-review video, which can be viewed here:
https://vimeo.com/949972601/23d164b30e?share=copy
About the Permian Strategic Partnership: The Permian
Strategic Partnership (PSP) is a coalition of 30 leading Permian
Basin energy companies and higher education institutions who have
joined together to work in partnership with leaders across the
region's communities to address current and future challenges to
the responsible development of the vast oil and natural gas
resources of the Permian Basin in the states of New Mexico and Texas. The PSP members are Apache Corporation,
BPX Energy, ChampionX, Chevron, Civitas Resources, ConocoPhillips,
Coterra Energy, Devon Energy, Diamondback Energy, Endeavor Energy
Resources, Energy Transfer, EOG Resources, ExxonMobil, Halliburton,
Helmerich & Payne, Kinetik, Liberty Energy, Mewbourne Oil
Company, Occidental, Ovintiv, Permian Resources, Phillips 66,
Plains All American, ProPetro, SLB, Targa Resources, The
Texas Tech University System, The
University of Texas System, WaterBridge
Resources, and Western Midstream. For more information,
visit www.permianpartnership.org.
Media Contact:
Talan Tyminski, 636.675.3672
TTyminski@themach1group.com
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SOURCE Permian Strategic Partnership