Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Fastest-Growing U.S. City Scrambling to Survive Shale Boom

April 29, 2019, 1:31 PM

In a state known for its oil-based booms and busts, Jerry Morales is convinced Midland, Texas, the unofficial capital of the Permian Shale Basin, has a chance to break from the pattern.

In the Permian, “we don’t say boom anymore,” according to Morales, who serves as mayor of the nation’s fastest growing city. “We’re very sustainable. The boom-and-bust era is over.“

What a difference a year can make. In 2018, Morales sat in the Mulberry Cafe in Midland and talked of a local economy that was “on fire” and out of control because of the oil boom. A year later, ...