Is the west texas economy booming again?

Is the west texas economy booming again?

The Permian basin is back in business. We would not go to the extent to say there is a economy “boom” – just yet anyways. However it is possible we will see one in the next few months, regardless things are looking much better than they were last year. West Texas had a booming economy in 2017-2019, but like anywhere in the world, 2020 was a terrible year that affected all businesses. After suffering a Covid era recession that devastated the region, it seems the local economy is once again making progress. There are many suitable ways to measure the increase in local economy, however at West Tex Disposal we have a unique way of measuring the market. Yes, we are talking about trash. Throughout 2020 industrial related services declined around 10%, however other commercial services such as grocery stores, warehouses, and other businesses not directly related to the oilfield had a 20% increase in waste. This is due to the “stay at home” months that took place in 2020. Residential waste skyrocketed as more people were working from home and many continue to do so. We are now in the second quarter of 2021, residential waste service continues to increase along with commercial and industrial waste as businesses are opening again. Increase in waste has a correlation to the increase in consumers leading to more sales, hence a striving economy. Sure, more trash does not always mean a economy is doing well, it is possible many people decided to “clean out the garage”, but when looking at the bigger picture altogether, it is clear the economy is scaling. Take a drive around town, you will see an increase in traffic, now hiring signs, shipping trucks. These are all indicators of a prospering economy. At West Tex Disposal we have felt the demand for waste service, our metal container fabrication vendors are delayed weeks on deliveries. This spike in waste has led to a few driver positions available, if you hold a CDL feel free to apply at 5510 W University Blvd, Odessa TX.

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