A new study finds ongoing operations and construction in Texas’ pipeline industry provided nearly $49 billion in economic impact last year. Ongoing operations and construction in Texas’ oil and gas pipeline industry provided the state with more than $48.6 billion in economic impact and supported more than 238,000 jobs last year, according to a newly released study from the Texas Pipeline Association (TPA). In addition, the TPA-commissioned research – conducted by Texas Tech University’s Center for Energy Commerce – found the pipeline sector added $29.3 billion in gross state product and $2.7 billion-plus to state and local government coffers in 2019. “Texas pipelines are an essential component of our energy infrastructure,” TPA President Thure Cannon remarked in a written statement emailed to Rigzone. “It is clear from this Update to the Economic Impacts of the Texas Oil and Gas Pipeline Industry study that pipelines deliver the robust economic benefits […]