Reports & Studies
Revolution to Renaissance
Texas' shale revolution has stimulated a revival in the manufacturing sector, helping to create thousands of jobs and injecting billions of dollars into the Texas economy.
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Table of Contents
Executive Summary (Pg. 1)
Key Findings (Pg. 2)
Introduction (Pg. 3)
Chemical Manufacturing (Pg. 4)
Plastics (Pg. 12)
Petroleum Refining and Products (Pg. 13)
Non-Chemical Manufacturing (Pg. 17)
Tech and Other Manufacturing Sectors (Pg. 19)
Conclusion (Pg. 23)
The manufacturing sector employs 878,000 people in Texas. Manufacturing output has increased 50% between 2009 and 2016 – tracking the growth of shale oil and natural gas development over the same period.
Shale gas has reduced costs for U.S. chemical companies by 8%. From 2012 to 2015, shale-related manufacturing in Texas accounted for $441 billion in economic output. The value of Texas shale-related manufacturing exports increased 68% between 2007 and 2017.
Much like manufacturers, data centers use a significant amount of energy. From using cutting-edge components in their seismic and drilling technologies, to partnering with or opening data centers in order to increase drilling efficiency and store vital development data, the shale revolution is closely linked to technological advances.
New chemical manufacturing investments in Texas is expected to generate $43 billion in additional chemical industry output, support 182,000 permanent new jobs by 2025 and add nearly $14 billion in wages for Texas workers.