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20 Top U.S. Energy Companies Are Contributing To Build Charter Schools In West Texas

By John F. Heerdink, Jr.
Twenty Top U.S. energy companies, which are part of the Permian Strategic Partnership, including oil giants like Chevron Corp, Exxon Mobil Corp, Occidental Petroleum, Royal Dutch Shell, and many others are set to contribute $16.5 million in aid to open new schools in West Texas, a region with major inflow of oil and gas workers facing an uneasy availability of schools and other civic services. The Permian Strategic Partnership is a group of shale producers operating in the top U.S. shale field, working to address labor and housing shortages, school overcrowding, and healthcare glitches in the basin. In addition, another $22 million is scheduled to be donated by local foundations and philanthropists making it a $38.5 million funded project. The funding is directed to launch 14 schools and seats for 10,000 students at seven sites in Midland and Odessa, Texas. The schools are coordinated to be first national tuition-free charter schools in the region and the first school is expected to open in August 2020. To learn more about Chevron (CVX)  and  ExxonMobil Corporation (XOM) and to track their progress please visit the Vista Partners Coverage Page.

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UPDATE 1-U.S. shale firms put up $16.5 mln to build West Texas charter schools
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