UPDATE 1-U.S. shale firms put up $16.5 mln to build West Texas charter schools [Reuters]
ANADARKO PETROLEUM (APC)
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Source: Reuters
U.S. shale firms put up $16.5 million to build West Texas charter schools HOUSTON (Reuters) - Twenty top U.S. energy companies agreed to contribute $16.5 million to open new schools in West Texas, where an influx of oil and gas workers have strained schools, roads and other civic services. This is the first initiative by the Permian Strategic Partnership, a consortium of shale producers which has pledged to raise $100 million to address civic strains, a spokesman for the group said. The companies all operate in the Permian Basin, the top U.S. shale field. Another $22 million will be donated by local foundations and philanthropists. The funds are earmarked to bring IDEA Public Schools, a national tuition-free charter school, to the region, the group said. The Permian Strategic Partnership aims to address labor and housing shortages, school overcrowding, healthcare and traffic congestion in the Permian Basin. Its founding members are oil and gas producers and suppliers which aim to pump
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