The Federal Reserve Bank of Dallas reported that wages in the Permian Basin fell for the second quarter in a row after spiking in first quarter 2017. The rig count and crude oil production rose in January, the Fed said.
Wages
Average weekly wages fell 0.3% in the Permian Basin, while wages fell by almost 1% statewide between second quarter 2017 and third quarter 2017. The Permian Basin’s decline was led by Midland’s drop of 0.6%.

The average weekly wage in the Permian during third quarter 2017 was over $1,200—about 15% more than the Texas ...


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