About Permian Strategic Partnership (PSP)

The Permian Strategic Partnership is a coalition of 25 leading Permian Basin energy companies and higher education institutions who joined together to work in partnership with leaders across the region’s communities to address current and future challenges to the responsible development of the vast oil and natural gas resources of the Permian Basin in the states of New Mexico and Texas. The PSP’s mission is to strengthen and improve the quality of life for Permian Basin residents by partnering with federal, state, and local leaders to develop and implement strategic plans that foster superior schools, quality healthcare, a trained workforce, and safer roads. The PSP member companies are: Apache, BPX Energy, ChampionX, Chevron, ConocoPhillips, Coterra Energy, Devon Energy, Diamondback Energy, Endeavor Energy Resources, EOG Resources, ExxonMobil, Halliburton, Helmerich & Payne, Kinetik, Liberty Energy, Mewbourne Oil Company, Occidental, Ovintiv, Permian Resources, Pioneer Natural Resources, Plains All American, SLB, the Texas Tech University System, the University of Texas System, and WaterBridge Resources.

Since 2021, the Permian Strategic Partnership has committed more than $17 million to UT Permian Basin programs to fill vital workforce needs in the Permian Basin. In 2021, PSP invested $1.4 million to fill math and science teacher job openings in the Permian Basin. This investment provides funding for additional faculty and staff, student scholarships, and internships. In 2022, PSP invested $10.6 million over five years to fill nursing and physician openings in the Permian Basin by expanding enrollment in our Nursing program and Pre-Med enrollment to funnel into the Texas Tech University Health Sciences Center Family Medicine residency. The investment provides funding for additional faculty and staff, student scholarships, and equipment. In 2023, PSP collaborated with Scharbauer Foundation to invest $5 million each over five years to fill behavior health workforce needs in the Permian Basin. This investment provides funding for additional faculty and staff and student scholarships and assistantships for graduate students pursuing a career in behavior health.