Will The Basin Survive Economically After The Oil Boom?

Will The Basin Survive Economically After The Oil Boom?

According to new census data released today, Odessa and Midland are the second and third fastest-growing metro areas in the country.

Odessa, TX (Big 2 News) - "A lot of them were born and raised here but for those that are here for work. I'm pretty sure a lot of them are homesick”, said John Shaw of Odessa.

Most people in Odessa felt if the oil boom went south, oil workers would move back home.

However, Andrea Goodson with the City of Odessa believes the city has other employment options besides the oil field.

"I would hope that city leaders and I think that city leaders have done a very good job of diversifying the economy", said Andrea Goodson, Odessa Public Information Coordinator.

City leaders believe Odessa is not solely dependent on the oil and gas industry.

"The city council is very conservative with the budget", said Goodson.

Goodson says the city does not budget on the predicted income and revenue.

Historical income and revenue set the city budget.

Nonetheless, there is still a chance a bust can occur and citizens may need to make other plans.

"I’m into entrepreneurship so; if the opportunity is available for me to run a business here then I could stay here", said Shaw.

That's good news for Odessa, but just in case, the city has a contingency plan in place.

"This is not the first boom for Odessa and Midland, this is not the first time we have seen this", said Goodson.

That plan wants you to be involved, a voice in the future of Odessa.

"We want to know what citizens of Odessa want for the future of their community", said Goodson.

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