Texas has always known severe weather. Rapid population and economic growth since the 1970s, though, have made the state more susceptible than ever to adverse effects and economic losses due to water shortages. Even after the end of the recent historic four-year drought, well data indicate a widespread, long-term drop in groundwater levels across broad areas of the state.
The 2012 State Water Plan predicts that Texas will require an additional 5,685 million gallons per day of water supply by 2060. Therefore, the plan predicts that more than half of the state’s population may face a water shortage of 45 percent of their projected demand. As a result, state officials are envisioning plans for greater use of desalination, both of seawater and abundant inland brackish water supplies.
- Texas has one of the fastest growing populations and economies in the United States. The state’s current population of 27 million, second-largest in the nation, is expected to increase to 46 million people by 2060.
- Ninety-five percent of the state experienced severe or exceptional drought during the "La Niña" weather pattern of the early 2010s. In recent decades, over a third of Texas routinely experiences moderate drought conditions.
- Prior to the end of the 2010-14 drought, state officials projected that annual statewide losses resulting from unserved water demand would result in lost income of nearly $12 billion annually if such drought conditions were to persist.
The West Offers Unique Water Opportunities
Poseidon is actively pursuing business development opportunities in Texas. For more information, please contact us.