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Old 05-26-2012, 07:19 PM
 
Location: Lubbock, Texas
141 posts, read 228,703 times
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Default Oil boom moving up to the Lubbock area.

I went to Wells Fargo the other day to open up a new account and got a chance to ask the the banker about how business in the area was. She said they have been financing a lot of people who are buying oil transporting trucks. She also said that Lubbock might be the new hot spot for oil along with Midland/ Odessa.

It got me thinking so I called my friend who works in Odessa and he said it was true and if it booms, Lubbock will add 100,000 people in 5-10 years ( which is a lot for a city that is only 240,000)

I think this is great news but oil brings the boom/ bust cycles.
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Old 05-26-2012, 09:38 PM
 
Location: Central Austin
2,409 posts, read 3,793,619 times
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The only places I can think of that have notable oil in the South Plains area are around Denver City and Post, so I don't really think an oil boom is in the works, which IMO is a good thing. That said, Lubbock is the finance center for West Texas and Eastern New Mexico, so the booms in the Permian Basin and upper Panhandle have certainly been good for Lubbock.
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Old 05-27-2012, 05:54 AM
 
1,499 posts, read 1,677,395 times
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Doesn"t the Levelland area (Hockley Co.) have significant oil?

I've read internet chatter about a possible boom in Lubbock, but I guess until it happens, one has the right to be skeptical. Last week, I saw something about a "hit" in the county, but nothing in the news about it.
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Old 05-27-2012, 07:56 AM
 
Location: Sacramento Mtns of NM
2,498 posts, read 2,397,564 times
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Quote:
Originally Posted by shoe01 View Post
Doesn"t the Levelland area (Hockley Co.) have significant oil?
There are hundreds of gas wells in the immediate Levalland vicinity. Not sure how many oil wells. Most of the current boom is enhanced gas production so it stands to reason that the Lubbock area could well be seeing a boom in activity. It's very easy to pick out the well fields in the panhandle by zooming in using Google Maps on a particular area. Looks like a bunch of white dots connected by a spiderweb of service roads. Oftentimes gas (and oil) wells are found within irrigated and cultivated farm lands.

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Old 05-27-2012, 09:22 AM
 
Location: plano
3,479 posts, read 2,984,656 times
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Quote:
Originally Posted by joqua View Post
There are hundreds of gas wells in the immediate Levalland vicinity. Not sure how many oil wells. Most of the current boom is enhanced gas production so it stands to reason that the Lubbock area could well be seeing a boom in activity. It's very easy to pick out the well fields in the panhandle by zooming in using Google Maps on a particular area. Looks like a bunch of white dots connected by a spiderweb of service roads. Oftentimes gas (and oil) wells are found within irrigated and cultivated farm lands.

You should be able to distingish between some gas and oil wells. Gas isnt containable in a tank while oil is. The issue is some heavy gas produces enough oil to have a tank to store it prior to shipping.
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Old 05-27-2012, 03:08 PM
 
Location: Southern end of the Great Plains
7,353 posts, read 6,928,427 times
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Lubbock already ranks # 9 on the Forbes "Best Small Cities for Jobs" list.

Lubbock ranks on list of best cities for jobs

A few more oil-related jobs couldn't hurt.
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Old 05-27-2012, 03:41 PM
 
Location: Lubbock, Tx
4,844 posts, read 1,719,753 times
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I met an oil field worker that claimed that a lot of drilling will soon begin in the Lubbock area. The estimate was for an additional 4000 wells to be drilled in this area, southeast of Lubbock, towards Post. That's all I know. I've driven around Lubbock County recently, and could only find 4 active rigs. But, that's a lot more than usual. So there could be something to it, but I doubt 100,000 jobs. It could be more towards Levelland, as I have noticed several new wells on the east side of town, that were never there before. Time will tell.
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Old 05-27-2012, 04:05 PM
 
Location: Southern end of the Great Plains
7,353 posts, read 6,928,427 times
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Quote:
Originally Posted by Prairieparson View Post
I met an oil field worker that claimed that a lot of drilling will soon begin in the Lubbock area.
We're still waiting for Tri-Global's 130 wind turbine farm in far SW Hale County. They still have their meteorolgical stations bringing in data but it's about time, according to their original schedule, to start building generators.

I guess time will tell for the future of both oil and wind energy around Lubbock.
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Old 05-27-2012, 05:03 PM
 
Location: Sacramento Mtns of NM
2,498 posts, read 2,397,564 times
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Quote:
Originally Posted by Johnhw2 View Post
You should be able to distingish between some gas and oil wells. Gas isnt containable in a tank while oil is.
Tanks on the well site don't tell the story since most gas wells also produce a certain amount of liquid/distillates that are collected in storage vessels. Oil wells, OTOH, usually have a "gathering system" of pipes that pipe the crude to centralized storage that is often not on the actual well site.

But gas wells don't have walking beams. So depending on the web map resolution and the time of day, walking beams are easy to discern by their shadow.

Looking just north of Lubbock city limits one can see a few oil wells marked by walking beams so there is definitely potential there for future finds or secondary recovery using "fracking" and other recent technology.

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Old 05-28-2012, 06:05 PM
 
Location: Lubbock, Tx
4,844 posts, read 1,719,753 times
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High Plains Retired: I had heard that further devolopment in wind turbines was at a standstill now. I haven't seen new ones go up in a while. But I can't say I have any direct knowledge.
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