Twenty top US energy companies agreed to contribute $16.5 million to open new schools in West Texas, where an influx of oil and gas workers have strained schools, roads and other civic services.
This is the first initiative by the Permian Strategic Partnership, a consortium of shale producers which has pledged to raise $100 million to address civic strains, a spokesman for the group said. The companies all operate in the Permian Basin, the top US shale field. Another $22 million will be donated by local foundations and philanthropists. The funds are earmarked to bring IDEA Public Schools, a national tuition-free charter school, to the region, the group said.
The shale boom has lifted Permian oil production to 4.2 million barrels per day, and made the United States the world's biggest oil producer and fifth largest exporter, according to the International Energy Agency, a group of major oil consuming nations.
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