The Permian Basin crosses western Texas into southeastern New Mexico and produces just over three million barrels of oil per day.
But oil and gas production in that area is expected to slow next year, opening a window for production in the Powder River Basin.
"Job opportunities mostly it's just any kind of work in the field,” state Mark Watson of Oil & Gas Commission. “Roughnecks, truck drivers, you name it. There are a lot of outside services that are required for all these rigs."
Several companies’ officials already have their eye on this area and are expecting oil production to reach over 70 million "barrels of oil equivalent" in 2019.
"Our revenue is probably seventy percent of revenue for the state comes from oil, gas and coal. If you get your oil production up, then severance tax and oil and property tax all go up," continues Watson
Increased production will also open up job opportunities in Wyoming.
"Any time we increase production in Wyoming adds revenue to the state, the counties, and the cities,” said Petroleum Association of Wyoming Vice President John Robitaille. “It also adds jobs to the area. So I would say in this instance, it's going to be a positive."
The Powder River Basin is expected to emerge as the oil and gas industry's new growth engine.