NEWS: E BN EH ER I NGY D THE SCENES
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TEXAS ENERGY THE TIDE HAS TURNED in the Texas energy industry. After a two-year crisis, the market is now poised for new growth. Meantime, Texas leads the nation in wind energy production, and gets high marks for solar as well. Much of the excitement is located in the Midland area, where just last fall the U.S. Geological Survey announced the largest estimate of continuous oil ever assessed — in the Permian Basin. That region is also home to vast wind and solar farms. It’s a fertile moment for those interested in pursuing a career in energy — whether traditional or green. And McCombs is at the forefront of energy business education in Texas, with energy-focused degree opportunities at both the graduate and undergraduate levels, as well as extracurricular resources in the Kay Bailey Hutchison Center for Energy, Law and Business, and the new Sustainability and Social Innovation Initiative.
U.S. oil reserves are now estimated to surpass those of Saudi Arabia, 264 billion versus 212 billion barrels respectively.
2017 Substantial increases in Texas oil production are predicted for 2017, after a two-year energy decline.
40% Texas produces 40 percent of U.S. crude and 30 percent of U.S. gas.
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McCOMBS OFFERS: • • • • • • •
UNDE RG RA D UAT E E NE RGY P R O G RA M ENERGY FI NA NC E U ND E R GRA DUAT E M A JO R HOUSTO N M BA PRO G RA M ENERGY FI NA NC E M BA CO N C E N T RAT I O N CLEA N T EC H M BA CO NC EN T RAT I O N CLEA N T EC H M BA FE L LOWSH I P O NE-Y E A R M A ST E R’ S I N E N E R GY MANAG E M E NT ( FO RT HCOM I N G)
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75% “Great Crew Change”: Nearly 3/4 of the current petrochemical workforce is nearing retirement age.
In November 2016, the U.S. Geological Survey announced a new estimate of continuous oil in the Permian Basin — 20 billion barrels — by far the largest such estimate recorded for any formation in the United States. Austin-based MMEX Resources Corp. is spearheading plans to build a $450 million refinery there.
ILLU I LSLTURSAT T RI AT O NI O BN Y B JO Y SMEAPR HTA M CMDAEGRN MEOTTTTI
