The Permian Strategic Partnership (PSP), a public-private coalition of 17 Permian Basin energy companies, has announced that in 2021 it transformed $93 million in philanthropic member investment into $950 million in community support across Texas and New Mexico.

Investments over the past year include $34 million in education, which benefitted more than 100,000 students; $41 million to improve resident access to health care; and $14.7 million to train and upskill the region’s workforce. PSP member companies include Apache, BPX Energy, Chevron, ConocoPhillips, Colgate Energy, Coterra Energy, Devon Energy, Diamondback Energy, Endeavor Energy Resources, EOG Resources, ExxonMobil, Halliburton, Occidental Petroleum, Ovintiv, Pioneer Natural Resources, Plains All American, and Schlumberger.

“Over the past year, we forged new partnerships, and we increased investment in our schools, our regional health quality, and the infrastructure that facilitates virtually every aspect of our daily lives,” said PSP president and CEO Tracee Bentley. “We have demonstrated to stakeholders how public and private sectors can successfully collaborate to address a community’s most pressing issues.”

“As global events create intense pressure on energy companies, PSP members have remained committed to a new model for serving their communities in important areas like access to health care, education and workforce development, and infrastructure. Thanks to their investments, PSP serves as the bridge between community resources and critical needs,” said PSP chairman and former U.S. commerce secretary Don Evans. “Our hope is that the work we do in this region can serve as a model for other public partnerships across the country and clearly demonstrate how domestic energy supports our nation’s communities.”

(Photo credit: Getty Images:Daniel de la Hoz)