Texas shale towns grapple with growth as oil-bust fears fade, Jennifer_Hiller reports
), are downshifting as West Texas oil prices have lost 16% and natural gas has tumbled 36% over the past year.
In Midland, a group of local foundations started by wealthy area families, as well as a consortium of energy firms, recently put up $38.5 million to finance 14 tuition-free charter schools to relieve the stress on local classrooms. “I think there’s more sustainability because all of the supermajors have come back into the area,” Cobb said.
Still, Herig understands why city officials and civic groups are scrambling to upgrade local infrastructure and services.The latest shale boom, which started about three years ago, has brought jobs and wealth but also many hassles to day-to-day life.
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