Question

In what ways did the Permian Basin oil industry affect the Texas economy?

Answer 1

By the early 1920's, new wells in the Permian Basin brought statewide attention to the region. Majority of oil discoveries were made in the Northern section of the Permian Basin; Loving, Upton, and Howard counties. Yates Field near Rankin would eventually have 306 oil wells. The production rate in 1928 was 2.5 million barrels of oil daily.

Answer 2

Permian Basin oil industry affect the Texas economy when Permian Basin (oil industry) had a gusher which was found in Santa Rita. In the 1920 Permian had a population boost and many oil discoveries.