REGIONAL ECONOMIC DEVELOPMENT REPORT

Transcription

1 REGIONAL ECONOMIC DEVELOPMENT REPORT Prepared for By December 212

2 CONTENTS SECTION 1: SECTION 2: SECTION 3: BASELINE CONDITIONS ANALYSIS APPENDIX Notes: 1. Data regarding Oil & Gas portion of ad valorem base is from the office of the Texas Comptroller of Public Accounts and based on 29 values. 2. Population and housing units data comes from the US Census Bureau (21), vehicle registrations are from TXDOT (211), and population estimates are from the Texas State Data Center (1st number represents death/birth rates with no growth factor, while the second represents the impact of one half of growth factor from 2 to Ad valorem market value, tax rates, and taxes collected (reflect county government and not other entities) come from the Comptrollers Office. 4. Sales Tax collections represent gross sales in the county. 5. Data on active wells and oil and gas production comes from the Texas Railroad Commission. 6. Wind energy capacity information is from the Texas Public Utility Commission. 7. All farm data and values are derived from the US Department of Agriculture Censuses for 22 and 27.

3 Section 1: BASELINE CONDITIONS

4 Permian Basin RPC QUICK FACTS Ad Valorem Tax Base Population 417,679 Housing Units 162,53 Oil & Gas Share 67.7% of 29 Base Oil & Gas Other Reg. Vehicles 455,47 22 Pop. Estimate 459,444 48, Pop. Estimate 496, ,5 24 Pop. Estimate 529,37 613,18 Ad Valorem Market Value PBRPC Gross Sales 14,,, 5,,, 12,,, 1,,, 4,,, 8,,, 3,,, 6,,, 4,,, 2,,, PBRPC 2,,, 1,,, PBRPC Ad Valorem Taxes PBRPC Average Tax Rate PBRPC 4,, 35,, 3,, 25,, 2,, 15,, 1,, 5,, PBRPC

5 Permian Basin RPC Active Wells , 7, 75, 8, 85, PBRPC 1,8,, 1,6,, 1,4,, 1,2,, 1,,, 8,, 6,, 4,, 2,, Gas Production (MCF) PBRPC PBRPC area has 234 MW or 23% Of state s 138 MW capacity Current Wind Energy Capacity (MW) 3,, 25,, Oil Production (BBL) PBRPC Rest of the State 2,, 15,, 1,, 5,, PBRPC By 214 PBRPC area is planned for 3784 MW or 19% Of state s MW capacity PBRPC AREA Number of Farms 22 4, ,675 Acres -Production/Grazing 22 11,18, ,43,497 Market Value of Farm 27 2,14,796 6,, 5,, 4,, 3,, 2,, 1,, 1, 5, By Farm PBRPC PBRPC PBRPC MARKET VALUE OF FARMS PER ACRE 22 $ $56

6 Andrews County QUICK FACTS Ad Valorem Tax Base Population 14,786 Housing Units 5,814 Reg. Vehicles 18,284 Oil & Gas Share 78.5% of 29 Base Oil & Gas Other 22 Pop. Estimate 16,447 17, Pop. Estimate 17,989 2, Pop. Estimate 19,449 22,712 5,,, Ad Valorem Market Value 5,,, PBRPC Gross Sales 4,,, 4,,, 3,,, 3,,, 2,,, Andrews 2,,, PBRPC 1,,, 1,,, Ad Valorem Taxes Tax Rate 2,, ,, Andrews 1,, 5,, Andrews

7 Andrews County Active Wells ,5 6, 6,5 7, 7,5 8, Andrews 45,, 4,, 35,, 3,, 25,, 2,, 15,, 1,, 5,, Gas Production (MCF) Andrews ANDREWS COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 29,, 28,, 27,, 26,, Oil Production (BBL) ANNOUNCED: ,, 24,, Andrews CANCELLED/DELAYED: 23,, 22,, 21,, ANDREWS CO. Number of Farms Acres -Production/Grazing 22 83, ,474 2,, 15,, 1,, 5,, By Farm Andrews ANDREWS CO. MARKET VALUE OF FARMS PER ACRE 22 $164 Market Value By Farm 27 1,572,18 1, 8, 6, 4, 2, Andrews 27 $

8 Borden County QUICK FACTS Ad Valorem Tax Base Population 641 Housing Units 385 Oil & Gas Share 89.3% of 29 Base Oil & Gas Other Reg. Vehicles 1, Pop. Estimate Pop. Estimate Pop. Estimate Ad Valorem Market Values Borden Gross Sales 1,2,, 2,, 1,,, 8,, 1,5, 6,, 4,, 2,, Borden 1,, 5, Borden Ad Valorem Taxes.35 Tax Rate 1,9, 1,8, Borden 1,7, 1,6, Borden ,5, 1,4,

9 Borden County Active Wells Gas Production (MCF) 4,, Borden 3,5, 3,, 2,5, 2,, 1,5, 1,, 5, Borden BORDEN COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 264 5,, 4,, 3,, Oil Production (BBL) ANNOUNCED: 2 2,, Borden CANCELLED/DELAYED: 325 1,, BORDEN CO. Number of Farms Acres -Production/Grazing 22 48, ,166 Market Value By Farm 27 2,171,362 15,, 1,, 5,, 15, 1, 5, By Farm Borden Borden BORDEN CO. MARKET VALUE OF FARMS PER ACRE 22 $ $

10 Crane County Ad Valorem Tax Base Oil & Gas Share 87.8% of 29 Base Oil & Gas Other QUICK FACTS Population 4375 Housing Units 1632 Reg. Vehicles 5,68 22 Pop. Estimate 4,993 5, Pop. Estimate 5,594 6, Pop. Estimate 6,3 7,61 Ad Valorem Market Values Crane Gross Sales 2,4,, 2,3,, 2,2,, 2,, 15,, 2,1,, 2,,, 1,9,, 1,8,, 1,7,, Crane 1,, 5,, Crane Ad Valorem Taxes Tax Rate Crane 7,8, 7,6, 7,4, 7,2, 7,, 6,8, 6,6, 6,4, 6,2, 6,, Crane

11 Crane County Active Wells Gas Production (MCF) 7,, 2 6,, 5,, 4,, Crane 3,, Crane 211 2,, 1,, 3,2 3,4 3,6 3,8 4, 4,2 4, CRANE COUNTY WIND ENERGY CAPACITY (MW) 1,5, Oil Production (BBL) CURRENT: ANNOUNCED: 1,, 9,5, 9,, Crane CANCELLED/DELAYED: 8,5, 8,, CRANE CO. Number of Farms Acres -Production/Grazing , ,177 2,, 1,5, 1,, 5, By Farm Crane CRANE CO. MARKET VALUE OF FARMS PER ACRE 22 $112 Market Value By Farm 27 3,877,193 5, 4, 3, 2, 1, Crane 27 $382

12 Dawson County QUICK FACTS Ad Valorem Tax Base Population 13,833 Housing Units 5,22 Oil & Gas Share 54.2% of 29 Base Oil & Gas Other Reg. Vehicles 12,22 22 Pop. Estimate 14,727 14, Pop. Estimate 15,57 15, Pop. Estimate 16,512 15,669 1,6,, 1,4,, 1,2,, 1,,, 8,, 6,, 4,, 2,, Ad Valorem Market Value Dawson 4,, 35,, 3,, 25,, 2,, 15,, 1,, 5,, Dawson Gross Sales Dawson Ad Valorem Taxes 6,2, Tax Rate Dawson 6,1, 6,, 5,9, 5,8, 5,7, 5,6, 5,5, Dawson 5,4,

13 Dawson County Active Wells ,5 1,1 1,15 1,2 1,25 1,3 1,35 Dawson 7,, 6,, 5,, 4,, 3,, 2,, 1,, Gas Production (MCF) Dawson DAWSON COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 6,, 5,, 4,, Oil Production (BBL) ANNOUNCED: 3,, 2,, Dawson CANCELLED/DELAYED: 147 1,, DAWSON CO. Number of Farms Acres -Production/Grazing , ,36 Market Value By Farm ,43 12,, 1,, 8,, 6,, 4,, 2,, 3, 2, 1, By Farm Dawson Dawson DAWSON CO. MARKET VALUE OF FARMS PER ACRE 22 $72 27 $

14 Ector County QUICK FACTS Ad Valorem Tax Base Population 137,13 Housing Units 53,27 Oil & Gas Share 33.7% of 29 Base Oil & Gas Other Reg. Vehicles 145,25 22 Pop. Estimate 153, , Pop. Estimate 167,77 184, Pop. Estimate 181,788 29,829 Ad Valorem Market Value 14,,, 12,,, 1,,, 8,,, 6,,, 4,,, 2,,, Ector 12,,, 1,,, 8,,, 6,,, 4,,, 2,,, Ector Gross Sales Ector Ad Valorem Taxes Tax Rate Ector 5,, 4,, 3,, 2,, 1,, Ector

15 Ector County Active Wells Gas Production (MCF) 6,, 2 5,, 4,, 211 Ector 3,, 2,, 1,, Ector 5,2 5,4 5,6 5,8 6, 6, ECTOR COUNTY WIND ENERGY CAPACITY (MW) CURRENT: ,, 2,, 15,, Oil Production (BBL) ANNOUNCED: 535 1,, Ector CANCELLED/DELAYED: 5,, ECTOR CO. Number of Farms ,, 3,, 2,, 1,, Ector ECTOR CO. MARKET VALUE OF FARMS PER ACRE Acres -Production/Grazing 22 53, ,919 Market Value By Farm 27 56,521 15, 1, 5, By Farm Ector 22 $ $

16 Gaines County QUICK FACTS Ad Valorem Tax Base Oil & Gas Share 75% of 29 Base Oil & Gas Other Population 17,526 Housing Units 6,31 Reg. Vehicles 18,16 22 Pop. Estimate 2,133 22,26 23 Pop. Estimate 23,17 27, Pop. Estimate 25,939 34,27 Ad Valorem Market Value Gaines Gross Sales 7,,, 6,,, 5,,, 4,,, 3,,, 2,,, 1,,, Gaines 6,, 5,, 4,, 3,, 2,, 1,, Gaines Ad Valorem Taxes 25,, Tax Rate Gaines 2,, 15,, 1,, 5,, Gaines

17 Gaines County Active Wells ,6 2,8 3, 3,2 3,4 3,6 Gaines 7,, 6,, 5,, 4,, 3,, 2,, 1,, Gas Production Gaines GAINES COUNTY WIND ENERGY CAPACITY (MW) CURRENT: ANNOUNCED: CANCELLED/DELAYED: 35,, 3,, 25,, 2,, 15,, 1,, 5,, Oil Production (BBL) Gaines GAINES CO. Number of Farms Acres -Production/Grazing , ,728 Market Value By Farm 27 1,92,377 2,, 15,, 1,, 5,, 24, 22, 2, 18, By Farm Gaines Gaines GAINES CO. MARKET VALUE OF FARMS PER ACRE 22 $62 27 $951

18 Glasscock County QUICK FACTS Ad Valorem Tax Base Oil & Gas Share 75.1% of 29 Base Oil & Gas Other Population 1,226 Housing Units 58 Reg. Vehicles 2, Pop. Estimate 1,341 1, Pop. Estimate 1,443 1, Pop. Estimate 1,473 1,291 Ad Valorem Market Value Glasscock Gross Sales 2,,, 5,, 1,5,, 1,,, Glasscock 4,, 3,, 2,, Glasscock 5,, 1,, Ad Valorem Taxes Tax Rate 5,, Glasscock 4,, 3,, 2,, 1,, Glasscock

19 Glasscock County Active Wells Gas Production (MCF) 3,, 2 25,, 2,, 211 Glasscock 15,, 1,, 5,, Glasscock 1,1 1,15 1,2 1,25 1,3 1, GLASSCOCK COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 124 8,, 7,, 6,, 5,, Oil Production (BBL) ANNOUNCED: 4,, 3,, Glasscock CANCELLED/DELAYED: 2,, 1,, GLASSCOCK CO. Number of Farms Acres -Production/Grazing , ,785 Market Value By Farm 27 1,91,119 5,, 4,, 3,, 2,, 1,, 3, 2, 1, By Farm Glasscock Glasscock GLASSCOCK CO. MARKET VALUE OF FARMS PER ACRE 22 $ $

20 Howard County QUICK FACTS Ad Valorem Tax Base Population 35,12 Housing Units 13,124 Oil & Gas Share 36.3% of 29 Base Oil & Gas Other Reg. Vehicles 29,31 22 Pop. Estimate 36,919 37, Pop. Estimate 38,232 39, Pop. Estimate 38,886 39,463 3,5,, 3,,, 2,5,, Ad Valorem Market Value 1,4,, 1,2,, 1,,, Howard Gross Sales 2,,, 1,5,, 1,,, 5,, Howard 8,, 6,, 4,, 2,, Howard Ad Valorem Taxes Tax Rate 14,, 12,, Howard 1,, 8,, 6,, 4,, 2,, Howard

21 Howard County Active Wells ,4 3,45 3,5 3,55 Howard 14,, 12,, 1,, 8,, 6,, 4,, 2,, Gas Production (MCF) Howard HOWARD COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 5 ANNOUNCED: CANCELLED/DELAYED: 12 8,, 7,, 6,, 5,, 4,, 3,, 2,, 1,, Oil Production (BBL) Howard HOWARD CO. Number of Farms Acres -Production/Grazing , ,791 Market Value By Farm ,53 5,, 4,, 3,, 2,, 1,, 8, 6, 4, 2, By Farm Howard Howard HOWARD CO. MARKET VALUE OF FARMS PER ACRE 22 $ $768

22 Loving County QUICK FACTS Ad Valorem Tax Base Population 82 Housing Units 5 Oil & Gas Share 86.4% of 29 Base Oil & Gas Other Reg. Vehicles Pop. Estimate Pop. Estimate Pop. Estimate ,2,, 1,,, 8,, Ad Valorem Market Value 6, 5, 4, Loving Gross Sales 6,, 4,, Loving 3, 2, Loving 2,, 1, Ad Valorem Taxes 4,5, Tax Rate Loving 4,, 3,5, 3,, 2,5, 2,, 1,5, 1,, 5, Loving

23 Loving County Active Wells 1,, Gas Production (MCF) 2 8,, 6,, 211 Loving 4,, 2,, Loving LOVING COUNTY WIND ENERGY CAPACITY (MW) 2,5, Oil Production (BBL) CURRENT: 2,, 1,5, ANNOUNCED: 1,, Loving CANCELLED/DELAYED: 5, LOVING CO. Number of Farms 22 NA 27 NA NOT AVAILABLE Loving LOVING CO. MARKET VALUE OF FARMS PER ACRE Acres -Production/Grazing 22 NA 27 NA Market Value By Farm 27 6,22, By Farm NOT AVAILABLE Loving 22 $8 27 $131

24 Martin County QUICK FACTS Ad Valorem Tax Base Population 4,799 Housing Units 1,852 Oil & Gas Share 82.5% of 29 Base Oil & Gas Other Reg. Vehicles 6, Pop. Estimate 5,447 5, Pop. Estimate 6,58 6, Pop. Estimate 6,532 6,75 Ad Valorem Market Value Martin Gross Sales 3,5,, 25,, 3,,, 2,5,, 2,, 2,,, 15,, 1,5,, 1,,, Martin 1,, Martin 5,, ,, Ad Valorem Taxes 8,, Tax Rate 7,, Martin 6,, 5,, 4,, 3,, 2,, 1,, Martin

25 Martin County Active Wells 1, 2, 3, Martin 35,, 3,, 25,, 2,, 15,, 1,, 5,, Gas Production (MCF) Martin MARTIN COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 12 ANNOUNCED: CANCELLED/DELAYED: 251 2,, 15,, 1,, 5,, Oil Production (BBL) Martin MARTIN CO. Number of Farms Acres -Production/Grazing , ,99 Market Value By Farm ,3 6,, 5,, 4,, 3,, 2,, 1,, 15, 1, 5, By Farm Martin Martin MARTIN CO. MARKET VALUE OF FARMS PER ACRE 22 $ $

26 Midland County QUICK FACTS Ad Valorem Tax Base Population 136,872 Housing Units 54,351 Oil & Gas Share 2.5% of 29 Base Oil & Gas Other Reg. Vehicles 161,48 22 Pop. Estimate 149,2 159, Pop. Estimate 159, , Pop. Estimate 167,55 214,349 16,,, 14,,, 12,,, 1,,, 8,,, 6,,, 4,,, 2,,, Ad Valorem Market Value Midland 12,,, 1,,, 8,,, 6,,, 4,,, 2,,, Midland Gross Sales Midland Ad Valorem Taxes.24 Tax Rate 3,, 25,, ,, Midland 15,, 1,, Midland ,,

27 Midland County Active Wells 2, 4, 6, Midland 7,, 6,, 5,, 4,, 3,, 2,, 1,, Gas Production (MCF) Midland MIDLAND COUNTY WIND ENERGY CAPACITY (MW) CURRENT: ANNOUNCED: CANCELLED/DELAYED: 2,, 15,, 1,, 5,, Oil Production (BBL) Midland MIDLAND CO. Number of Farms Acres -Production/Grazing , ,633 Market Value By Farm 27 66,2 2,, 15,, 1,, 5,, 3, 2, 1, By Farm Midland Midland MIDLAND CO. MARKET VALUE OF FARMS PER ACRE 22 $ $

28 Pecos County QUICK FACTS Ad Valorem Tax Base Population 15,57 Housing Units 5,585 Oil & Gas Share 72.8% of 29 Base Oil & Gas Other Reg. Vehicles 17, Pop. Estimate 17,59 16, Pop. Estimate 18,524 17,67 24 Pop. Estimate 2,35 17,885 Ad Valorem Market Value Pecos Gross Sales 5,,, 1,2,, 4,,, 3,,, 2,,, Pecos 1,,, 8,, 6,, 4,, Pecos 1,,, 2,, Ad Valorem Taxes Tax Rate Pecos 3,, 25,, 2,, 15,, 1,, 5,, Pecos

29 Pecos County Active Wells ,6 2,7 2,8 2,9 3, Pecos 35,, 3,, 25,, 2,, 15,, 1,, 5,, Gas Production (MCF) Pecos PECOS COUNTY WIND ENERGY CAPACITY (MW) CURRENT: 826 ANNOUNCED: CANCELLED/DELAYED: 6 14,, 12,, 1,, 8,, 6,, 4,, 2,, Oil Production (BBL) Pecos PECOS CO. Number of Farms Acres -Production/Grazing 22 2,916,7 27 2,97,965 Market Value By Farm 27 2,747,518 4,, 3,, 2,, 1,, 15, 1, 5, By Farm Pecos Pecos PECOS CO. MARKET VALUE OF FARMS PER ACRE 22 $ $271

30 Reeves County QUICK FACTS Ad Valorem Tax Base Oil & Gas Share 46.8% of 29 Base Oil & Gas Other Population 13,783 Housing Units 4,64 Reg. Vehicles 1, Pop. Estimate 14, Pop. Estimate 15,81 16, Pop. Estimate 16,58 16,532 Ad Valorem Market Value 1,,, 95,, 9,, 85,, 8,, 75,, 7,, Reeves 35,, 3,, 25,, 2,, 15,, 1,, 5,, Reeves Gross Sales Reeves Ad Valorem Taxes.42 Tax Rate 2,9, 2,8, ,7, Reeves 2,6, Reeves ,5, 2,4,

31 Reeves County Active Wells Gas Production (MCF) 4,, 35,, 2 3,, 25,, 211 Reeves 2,, 15,, 1,, Reeves 5,, REEVES COUNTY WIND ENERGY CAPACITY (MW) 3,5, 3,, Oil Production (BBL) CURRENT: 2,5, 2,, ANNOUNCED: 1,5, Reeves 1,, CANCELLED/DELAYED: 5, REEVES CO. Number of Farms Acres -Production/Grazing 22 1,9, ,4,344 Market Value By Farm 27 1,482,12 19,, 18,5, 18,, 17,5, 17,, 16,5, 16,, 15, 1, 5, By Farm Reeves Reeves REEVES CO. MARKET VALUE OF FARMS PER ACRE 22 $ $

32 Terrell County QUICK FACTS Ad Valorem Tax Base Population 984 Housing Units 7 Oil & Gas Share 79.2% of 29 Base Oil & Gas Other Reg. Vehicles 1, Pop. Estimate 1,42 1,4 23 Pop. Estimate 1,74 1,47 24 Pop. Estimate 1, ,4,, 1,2,, Ad Valorem Market Value 6,, 5,, Terrell Gross Sales 1,,, 8,, 6,, 4,, Terrell 4,, 3,, 2,, Terrell 2,, ,, Ad Valorem Taxes Tax Rate Terrell 3,2, 3,1, 3,, 2,9, 2,8, 2,7, 2,6, 2,5, 2,4, 2,3, Terrell

33 Terrell County Active Wells Gas Production (MCF) 8,, Terrell 7,, 6,, 5,, 4,, 3,, 2,, 1,, Terrell TERRELL COUNTY WIND ENERGY CAPACITY (MW) 35, 3, Oil Production (BBL) CURRENT: 25, 2, ANNOUNCED: 15, 1, Terrell CANCELLED/DELAYED: 5, TERRELL CO. Number of Farms Acres -Production/Grazing 22 18, ,17 Market Value By Farm 27 2,734,256 4,5, 4,, 3,95, 3,9, 3,85, 3,8, 6, 4, 2, By Farm Terrell Terrell TERRELL CO. MARKET VALUE OF FARMS PER ACRE 22 $17 27 $

34 Upton County QUICK FACTS Ad Valorem Tax Base Population 3,355 Housing Units 1,548 Oil & Gas Share 91.3% of 29 Base Oil & Gas Other Reg. Vehicles 4, Pop. Estimate 3,676 3, Pop. Estimate 3,981 4, Pop. Estimate 4,165 4,672 5,,, 4,,, 3,,, Ad Valorem Market Value 1,, 8,, 6,, Upton Gross Sales 2,,, Upton 4,, Upton 1,,, 2,, Ad Valorem Taxes.26 Tax Rate 1,, 8,, ,, Upton 4,, Upton ,,

35 Upton County Active Wells Gas Production (MCF) 9,, 2 85,, 8,, 211 Upton 75,, 7,, 65,, Upton 1, 2, 3, 4, 6,, UPTON COUNTY WIND ENERGY CAPACITY (MW) 25,, Oil Production (BBL) CURRENT: 353 2,, 15,, ANNOUNCED: 1,, Upton CANCELLED/DELAYED: 5,, UPTON CO. Number of Farms Acres -Production/Grazing , ,516 Market Value By Farm 27 2,956,855 1,, 8,, 6,, 4,, 2,, 8, 6, 4, 2, By Farm Upton Upton UPTON CO. MARKET VALUE OF FARMS PER ACRE 22 $ $513

36 Ward County QUICK FACTS Ad Valorem Tax Base Population 1,658 Housing Units 4,694 Oil & Gas Share 71.3% of 29 Base Oil & Gas Other Reg. Vehicles 13,72 22 Pop. Estimate 11,6 11,24 23 Pop. Estimate 12,497 11, Pop. Estimate 13,315 11,344 2,,, Ad Valorem Market Value 45,, 4,, Ward Gross Sales 1,9,, 1,8,, 1,7,, Ward 35,, 3,, 25,, 2,, 15,, Ward 1,6,, 1,5,, ,, 5,, Ad Valorem Taxes Tax Rate Ward 16,, 14,, 12,, 1,, 8,, 6,, 4,, 2,, Ward

37 Ward County Active Wells Gas Production (MCF) 7,, ,6 2,7 2,8 2,9 3, 3,1 Ward 6,, 5,, 4,, 3,, 2,, 1,, Ward WARD COUNTY WIND ENERGY CAPACITY (MW) 14,, 12,, Oil Production (BBL) CURRENT: ANNOUNCED: 515 1,, 8,, 6,, 4,, Ward CANCELLED/DELAYED: 2,, WARD CO. Number of Farms ,7, 1,65, 1,6, 1,55, 1,5, Ward WARD CO. MARKET VALUE OF FARMS PER ACRE Acres -Production/Grazing ,92 1,45, By Farm 22 $138 Market Value By Farm 27 1,347,15 2, 15, 1, 5, Ward 27 $37

38 Winkler County QUICK FACTS Ad Valorem Tax Base Population 7,11 Housing Units 3,27 Reg. Vehicles 8,116 Oil & Gas Share 22 Pop. Estimate 7, % of 29 Base Oil & Gas Other 8, Pop. Estimate 8,712 9, Pop. Estimate ,992 2,,, 1,5,, Ad Valorem Market Value 1,2,, 1,,, 8,, Winkler Gross Sales 1,,, 5,, Winkler 6,, 4,, 2,, Winkler Ad Valorem Taxes Tax Rate Winkler 12,, 1,, 8,, 6,, 4,, 2,, Winkler

39 Winkler County Active Wells 5,, Gas Production (MCF) 2 4,, 3,, Winkler 2,, Winkler 211 1,, 5 1, 1,5 2, 2, WINKLER COUNTY WIND ENERGY CAPACITY (MW) 5,, Oil Production (BBL) CURRENT: ANNOUNCED: 4,, 3,, 2,, Winkler CANCELLED/DELAYED: 1,, WINKLER CO. Number of Farms Acres -Production/Grazing , ,883 4,, 3,, 2,, 1,, By Farm Winkler WINKLER CO. MARKET VALUE OF FARMS PER ACRE 22 $12 Market Value By Farm 27 2,637,615 8, 6, 4, 2, Winkler 27 $262

40 Section 2: ANALYSIS

41 INFRASTRUCTURE INVESTMENTS Despite tremendous gains in tax base and tax collections (both ad valorem and sales taxes) during the last five years, many of the sampled entities made little in the way of infrastructure investments in their jurisdictions, to offset usage of existing facilities by those industries that were largely responsible for those gains. In addition, in cases where marginal investments were made in infrastructure, too often those investments (like road and bridge funds) were spread between the administration of multiple precinct crews or providing equipment for each precinct, and so little, if any of those funds actually trickled down to making road and bridge improvements in a particular area. Some counties did use the opportunity to invest in new jails or courthouse renovations, and while these improvements may be necessary they do little to build the infrastructure necessary to sustain long term development or additional economic growth. That being said, these investments can be worthwhile if they improve the quality of life for residents or protect the integrity of future budgeting by decreasing long term maintenance and operations costs. This is particularly important, as several counties, have seen depletion in production and subsequently, their ad valorem base. While increases in energy prices have helped offset those losses, jurisdictions throughout the Permian Basin area are largely dependent on this ad valorem base and a reduction in current energy prices could produce significant hardships in future budgeting. The development of infrastructure is most commonly seen in the larger counties, such as Ector and Midland. Ector County committed to specific partnerships to develop a roadway in their industrial park, one in a new residential/retail development, and one associated with the Summit Energy project. Midland County has been active in projects to facilitate Loop 25 and SH 349 expansion, and Andrews County recently partnered with the City of Andrews to build a truck bypass around the city to help facilitate movement of large trucks and oilfield equipment. However, the project also provides additional land-use and development opportunities that will likely provide long term returns via increased ad valorem property values and diversification of the overall tax base. These investments, particularly in relation to housing and roads, are vitally important. During last year s report, we found direct correlations between new housing starts and higher wage ranges due to the highly mobile workforce in the Permian Basin. In addition, this year, we see a high degree of correlation between the number of registered vehicles in an area compared to overall population and their transportation needs, as evidenced by crash rates.

42 ECONOMIC DIVERSIFICATION VERSUS AD VALOREM DIVERSIFICATION During the down turns of the energy industry in the 8 s and 9 s, an emphasis was placed on diversification of the economy in the Permian Basin, and while some of those efforts were successful, growth of the energy industry segment over the last decade, due to enhanced recovery methods, has created such a tremendous shift in the baseline that looking at ad valorem property values, it might occur to outsiders that no efforts were made at diversification. As previously noted, the decrease in production and in ad valorem values, largely masked by increased prices, creates a looming problem as entities move forward. As important as economic diversification is for economic development, diversification of the property tax base is just as, if not more important, for taxing entities. Even for areas with increased production, questions persist regarding the length of those reserves with current technologies, and due to the variations in extraction costs, the ability to produce could be more dramatically affected by even marginal reductions in energy prices.

43 AGRICULTURE PRODUCTION From 22 to 27, the number of farming operations in the Permian Basin increased by nearly 5. More noteworthy, however, is the fact that the market value of production increased by over $2 million and the value of production by farm grew by more than 5%. In addition, the ad valorem value, per acre, of these operations also doubled. While farming and ranching, much like the energy industry can be significantly impacted by natural and market factors, when these operations are viewed as agribusiness operations, with a per operation investment/value in excess of $2 million dollars each (as of 27), they become a significant economic factor. In addition, with the recent construction of the Village Farms greenhouse in Monahans, due largely to favorable daylight length, ideal temperature conditions, availability of affordable energy (natural gas/ electric) and carbon dioxide, if water needs can be met, there are tremendous long term opportunities for the area in hydroponic greenhouse agricultural production. From 22 to 27 the Market Values of Farm Properties DOUBLED ALTERNATIVE ENERGY and their Production Values INCREASED OVER 5% The Permian Basin has truly been an epicenter for energy production and alternative energies are no exception. Currently, the Permian Basin accounts for 23% or 234 megawatts of the state s 1,38 megawatt wind energy capacity. Wind energy generation capacity in the Permian Basin is slated to increase 1,444 megawatts by 214. However, due to uncertainty regarding the extension of tax credits, transmission capacity, and available capital for these projects, there is currently in excess of 8 megawatts of additional capacity projects in the Permian Basin Regional Planning Commission region that have been cancelled or delayed. Extension of tax credits and improvements to the existing grid could greatly expand wind energy opportunities in the Permian Basin and allow for additional diversity and baseline stabilization of ad valorem values in the region. Solar energy is also a future possibility to bring value and stability to ad valorem values. While several projects have been considered and plans for a long term 5 megawatt farm exist, the current cost of development and associated rates of return have not yet made these types of projects highly viable. However, potential changes in federal policy and incentives for green energy may make these opportunities cost effective sooner than current market based economics. Currently, over 8 MW of additional wind power planned for the Permain Basin is DELAYED/CANCELED

44 WIND and SUNLIGHT Provide Numerous Opportunities for the Permian Basin GOING FORWARD Whether capitalizing on existing opportunities or future developments, infrastructure investments throughout the Permian Basin are a vital necessity. Improvements to roads, water resources, or preliminary property developments that facilitate industrial or residential development should be priorities for communities. Many of these types of improvements can be made in partnership with other entities either through direct capital investment, tax credits, or long term loans. Due to the mobile nature of the Permian Basin and its workforce, infrastructure developments that provide development areas for new businesses or homes can also help areas with depleting production capitalize on opportunities for service companies and new workers seeking to locate in the basin. Despite the ups and downs of the energy economy and its subsequent effects on ad valorem values and tax collections, the areas that have made significant investment in infrastructure projects geared at expanding their area s industrial, retail, or residential development have seen the most profound growth, including increase in tax base, sales tax collections, and personal income.

45 Section 3: APPENDIX

46 AD VALOREM COLLECTIONS COUNTY Andrews 19,22,63 17,59,783 16,312,66 15,89,747 13,98,932 1,326,861 Borden 1,862,822 1,732,336 1,62,685 1,73,863 1,619,9 1,319,45 Crane 6,61,662 6,615,629 6,646,236 7,257,24 7,62,96 5,37,821 Dawson 6,28,15 6,48,666 6,3,612 6,113,584 5,69,221 4,8,646 Ector 38,697,212 36,341,2 34,18,383 34,267,631 31,367,966 23,578,788 Gaines 2,97,596 2,226,514 18,996,326 2,421,737 15,73,879 8,625,347 Glasscock 4,27,989 3,37,254 3,95,737 2,872,291 2,657,312 2,196,72 Howard 11,185,948 11,165,3 11,288,557 11,663,292 9,132,548 6,118,77 Loving 3,835,144 3,85,135 3,443,24 2,948,33 2,73,689 1,296,986 Martin 7,18,285 2,518,344 5,252,444 4,89,283 3,628,379 2,262,436 Midland 26,186,344 26,31,85 24,62,26 23,489,746 21,162,986 15,91,89 Pecos 24,852,556 24,449,528 22,452,175 24,391,414 19,39,788 13,139,51 Reeves 2,819,833 2,858,283 2,83,187 2,828,154 2,575,347 1,833,114 Terrell 3,16,49 2,791,173 2,918,973 2,874,713 2,615,488 1,579,367 Upton 9,59,994 8,75,37 8,131,545 7,559,385 6,927,166 6,31,655 Ward 14,27,285 14,316,154 13,618,287 12,69,334 9,75,364 6,4,473 Winkler 1,456,73 1,522,546 1,494,279 9,55,114 7,553,11 4,552,543 SALES TAX COLLECTIONS COUNTY Andrews 232,132,41 442,72,16 557,487,93 477,642, ,14, ,788,38 Borden 612, ,9 1,142,467 61,45 742,19 1,848,711 Crane 66,199,67 155,396, ,737,8 98,151,83 112,32, ,194,525 Dawson 186,359, ,85,168 31,75,96 274,97, ,391, ,361,48 Ector 3,811,75,427 7,358,729,881 8,33,46,755 5,826,462,844 6,971,734,861 9,978,379,914 Gaines 248,155, ,759,71 466,745,3 355,2,764 41,147, ,923,146 Glasscock 13,976,171 16,74,37 17,57,237 17,,549 17,811,746 4,942,91 Howard 659,96, ,215,695 1,156,848,39 87,822, ,812,712 1,175,34,3 Loving 19,568 68,61 165,2 132,388 5,79 136,716 Martin 91,121, ,778, ,25, ,616,19 167,172, ,351,345 Midland 3,831,649,37 6,956,956,51 9,112,1,382 6,68,727,62 8,39,731,797 11,42,69,595 Pecos 25,421,79 54,516,91 94,279,87 641,778, ,59,58 976,15,832 Reeves 123,724,16 23,99, ,34, ,927, ,2, ,963,96 Terrell 4,14,114 4,39,653 4,874,377 4,515,78 4,258,147 4,311,919 Upton 39,36,649 79,239,345 8,871,513 51,242,529 77,45,763 88,539,272 Ward 126,95, ,231,49 313,44,992 29,319, ,612,64 423,539,84 Winkler 697,72, ,731, ,888, ,37, ,369, ,586,339

47 AD VALOREM MARKET VALUE COUNTY Andrews 4,757,144,258 4,2,328,284 3,599,181,992 4,456,539,682 3,717,785,47 1,955,11,17 Borden 1,76,412,1 1,124,8,44 1,135,419,485 1,25,69,628 9,97, ,457,19 Crane 2,282,525,45 2,366,195,7 2,164,635,51 2,356,323,58 1,973,338,52 889,99,35 Dawson 1,287,24,45 1,274,18,66 1,186,239,75 1,335,864,42 1,58,482,46 769,324,533 Ector 11,943,735,77 11,328,158,412 1,985,85,322 11,24,335,12 9,45,22,79 5,241,914,723 Gaines 6,244,181,854 5,726,641,678 4,997,645,786 6,51,556,833 4,691,251,598 2,418,19,719 Glasscock 1,71,544,89 1,382,744,3 1,232,898,75 1,257,822,58 926,171,62 4,567,25,9 Howard 3,56,379,159 2,68,167,213 2,553,383,89 2,496,447,163 2,19,729,689 1,322,659,57 Loving 713,525,12 827,739,32 788,759,82 956,993,56 781,436,74 185,385,939 Martin 3,18,12,52 2,69,987,95 1,927,452,396 1,593,23,876 1,15,792,296 57,276,76 Midland 13,824,19,64 13,96,758,323 12,52,94,68 12,382,796,12 9,931,182,193 5,695,325,334 Pecos 4,433,941,19 4,564,671,41 4,245,92,45 4,642,456,43 3,457,252,843 1,893,759,755 Reeves 961,435,8 822,131,48 812,66,83 93,569,24 839,84,43 49,67,41 Terrell 879,87,489 1,23,853,71 1,154,39,658 1,257,766,82 1,176,146,22 427,179,273 Upton 4,52,623,192 4,128,353,75 3,541,3,727 3,5,687,619 2,935,88,583 1,11,579,381 Ward 1,91,768,41 1,925,339,76 1,776,968,448 1,94,786,188 1,66,91, ,16,228 Winkler 1,514,45,1 1,651,749,284 1,626,69,327 1,712,52,237 1,149,493, ,327,451 PBRPC 62,523,847,952 6,733,8,774 56,23,8,2 59,74,747,952 47,585,239,315 29,537,499,795 AD VALOREM TAX RATES Andrews County Borden County Crane County Dawson County Ector County Gaines County Glasscock County Howard County Loving County Martin County Midland County Pecos County Reeves County Terrell County Upton County Ward County Winkler County

48 AGRICULTURE VALUES COUNTY Number of Farms Number of Acres Per Farm Value Market Value Acre Market Value by Farm Andrews ,998 88,474 8,671, 15,919, 51,31 9, ,572,18 Borden ,15 435,166 7,837, 13,233, 59,37 114, ,171,362 Crane , ,177 1,33, 1,674, 29,65 45, ,877,193 Dawson , ,36 55,388, 112,342, 95,332 22, ,43 Ector , ,919 1,873, 3,559, 6,525 11, ,521 Gaines , , ,614, 193,195, 199, , ,92,377 Glasscock , ,785 13,637, 46,258, 68,526 25, ,91,119 Howard , ,791 15,16, 4,853, 32,416 78, ,53 Loving ,22,443 Martin ,7 457,99 14,74, 52,9, 37, , ,3 Midland , ,633 7,41, 15,398, 15,516 25, ,2 Pecos ,916,7 2,97,965 38,218, 27,545, 141,547 95, ,747,518 Reeves ,9,877 1,4,344 18,563, 17,179, 111,824 77, ,482,12 Terrell ,593 12,17 3,895, 4,31, 51,256 37, ,734,256 Upton , ,516 4,814, 8,573, 57,998 77, ,956,855 Ward , ,92 1,681, 1,529, 19,545 12, ,347,15 Winkler , ,883 1,926, 3,262, 43,774 61, ,637,615 TOTALS ,675 11,18,55 11,43, ,1, 557,45, 1,21,422 1,53,798 4,543 8,67 34,251,53

49 NATURAL GAS PRODUCTION (MCF) Andrews 38,91,962 35,318,339 3,496,99 28,965,397 29,312,28 3,427,295 Borden 3,781,82 3,448,279 3,62,881 3,69,462 3,527,673 2,79,74 Crane 52,866,989 57,13,549 6,98,155 65,726,58 65,877,17 62,729,897 Dawson 2,76,629 2,217,234 2,333,43 2,456,86 2,474,628 6,56,755 Ector 53,519,252 49,278,191 44,535,639 42,498,386 39,366,512 49,68,43 Gaines 29,929,921 32,344,913 34,167,432 35,433,826 36,25,18 59,182,225 Glasscock 24,198,98 16,75,282 25,57,565 12,84,142 13,117,39 15,672,416 Howard 11,786,4 8,222,48 6,568,891 6,752,526 6,625,586 9,293,557 Loving 59,312,22 81,125,419 13,575,16 13,729,933 15,14,2 26,385,291 Martin 28,748,167 22,67,666 18,322,426 13,641,935 11,175,331 8,379,862 Midland 55,362,387 47,88,967 47,818,615 46,735,544 5,886,164 6,172,69 Pecos 273,336, ,251,76 325,34,2 295,577,35 226,587, ,248,5 Reeves 28,612,186 3,454,247 31,53,694 3,333,137 27,138,29 33,968,86 Terrell 41,772,525 49,62,595 57,494,271 65,35,243 74,388,98 69,47,43 Upton 85,26,68 84,38,37 82,644,857 76,628,331 72,99,329 7,916,359 Ward 47,43,296 47,423,1 46,996,631 48,79,648 47,34,428 65,73,856 Winkler 28,248,254 31,945,187 34,312,566 38,964,124 39,854,488 46,432,75 OIL PRODUCTION (BBL) Andrews 28,11,461 25,548,644 23,613,175 24,369,923 24,178,822 24,275,461 Borden 3,517,155 3,382,81 3,526,95 3,662,527 3,676,93 4,557,779 Crane 8,85,244 8,899,979 9,425,93 9,574,261 9,446,496 1,55,276 Dawson 3,681,25 3,75,581 3,924,38 4,218,354 4,439,442 5,262,442 Ector 23,522,928 22,147,145 2,292,17 19,926,427 17,95,766 2,412,877 Gaines 24,665,984 24,619,538 24,639,11 25,53,987 26,924,276 3,482,519 Glasscock 6,945,122 4,779,871 3,956,867 3,677,479 3,771,143 4,343,98 Howard 7,338,923 6,89,67 5,49,379 5,49,289 5,57,884 7,97,81 Loving 2,35,939 1,634,8 1,593,395 1,614,391 1,392,887 1,8,529 Martin 16,624,83 12,448,122 1,525,792 9,199,45 6,437,824 4,658,322 Midland 18,261,622 14,731,125 13,128,775 11,426,59 11,113,341 11,19,569 Pecos 9,978,251 1,988,87 11,776,72 12,484,681 12,127,535 9,549,437 Reeves 3,295,713 1,62,83 1,142,821 1,19,42 897, ,8 Terrell 86, , , ,54 218,43 298,168 Upton 19,113,352 16,917,14 15,833,728 15,112,8 12,662,964 8,757,4 Ward 12,267,713 1,42,641 8,831,671 7,685,24 7,685,24 4,812,795 Winkler 3,213,647 3,297,318 3,63,116 3,757,32 3,967,219 4,381,973