Support Shale-Related Manufacturing
Shale development is a key economic driver in Texas. Spurred by technologies like hydraulic fracturing (fracking) and horizaontal drilling, the oil and natural gas industry alone contributed $11 billion in taxes and royalties in 2017, while also supporting nearly two million jobs and providing over 20 percent of the state's total economic value.
The manufacturing sector employs 878,000 people in Texas. Texas manufacturing output increased 50% between 2009 and 2016. 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.
New chemical manufacturing investment 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.