PSP: $184M invested, $1.8B leveraged to improve Permian Basin communities

Since launching in 2019, the Permian Strategic Partnership (PSP) has leveraged $181 million in direct investment into $1.8 billion in community impact, fueling improvements in education, healthcare, workforce development, and road safety across 22 counties of the Permian Basin.

That’s according to the PSP’s 2024 annual report, which also notes that PSP committed nearly $31 million toward those focus areas in 2024 alone.

The PSP is a growing coalition of 27 leading energy companies and two university systems that matches private dollars with public and philanthropic capital to scale projects across the region. The organization’s 2024 report details cumulative investments since 2019 that include $80.1 million in education, $63.4 million in healthcare, $13.7 million in road safety initiatives and life-saving equipment, and $25.8 million in workforce development.

Highlights from 2024 feature $10 million for Ector County ISD’s Career & Technical Education Center to expand course offerings; $10 million to bring a Harmony School of Innovation campus to Odessa; $3 million to launch the Highway Emergency Response Operator (HERO) roadside-assistance program in partnership with TxDOT and Midland County; and $300,000 to enhance fire training through advanced courses and facility upgrades with the Seminole and Andrews Volunteer Fire Departments.

PSP President and CEO Tracee Bentley said the organization remains “as committed as ever to empowering our communities” as it continues work across the Basin.

“Together, we have made a significant impact in our focus areas: education, healthcare, workforce development, and road safety,” Bentley said. “Our investments are driving measurable improvements and building a stronger region for generations to come.”

Readers can access the 2024 annual report and prior editions on PSP’s website.