Could oil discovery give Balmorhea a boost?

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Could oil discovery give Balmorhea a boost?

Postby granger » Wed Sep 07, 2016 10:32 am

Apache Has High Hopes for New Oil-Field Discovery in Texas

Apache Corp. said it has discovered the equivalent of at least two billion barrels of oil in a new west Texas field that has the promise to become one of the biggest energy finds of the past decade.....

http://www.wsj.com/articles/apache-has- ... 1473245702
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Re: Could oil discovery give Balmorhea a boost?

Postby Texman301 » Wed Sep 07, 2016 10:42 am

Yea, but some environmental group will come along and find a lizard or a weed or something that needs to be protected and will destroy hopes of getting to it.
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Re: Could oil discovery give Balmorhea a boost?

Postby Old Bearkat » Thu Sep 08, 2016 7:07 am

The enviro groups tried once about 6-7 years ago to use the "rare lizard" schtick, but it failed. Whether or not the field is developed depends upon the cost of production. If there is not an already well developed infrastructure in the Balmorhea are, i.e., pipelines, roads, etc, like in most of the Permian basin area, then the development costs will be too high for rapid development. I read the other day that the general cost of a new well in the PB is about $30/bbl, so most of the activity is still there. If the Apache discovery is over $45/bbl, there will be no boom for Balmorhea.
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Re: Could oil discovery give Balmorhea a boost?

Postby granger » Thu Sep 08, 2016 7:55 am

I was thinking this was more of a longer term play. Nobody is out there rushing to get their oil out of the ground at the current prices. I've got a feeling we are going to stay low ($30-50) range for a few more years.

Maybe we will see Balmorhea up to Class 2A in 2026? Enrollment of 48 right now.
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Re: Could oil discovery give Balmorhea a boost?

Postby Old Bearkat » Thu Sep 08, 2016 9:28 am

Depends upon whether or not the service companies establish yards there, or do like they have done in the Permian Basin and everyone commutes. My brother told me almost all the workers he had in his part of the oil patch (Andrews, Ft. Stockton) usually lived in Odessa or Midland, some in Ft. Stockton or Andrews. Balmorhea may be isolated enough to get some population increase.
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Re: Could oil discovery give Balmorhea a boost?

Postby granger » Thu Sep 08, 2016 9:35 am

I would assume Ft. Stockton would be the main town. But having been in Balmorhea in the last year, I would love to see the old town brought back to life.

Maybe I will open the restaurant from There Will Be Blood there

https://youtu.be/mmYkXgyrD7Y
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Re: Could oil discovery give Balmorhea a boost?

Postby rainjacktx » Thu Sep 08, 2016 10:33 am

Before the bust, they were building like madmen in Pecos to support the oilfields in that area. Pecos would probably service Balmorhea.

But we won't see it happening in this decade.
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Re: Could oil discovery give Balmorhea a boost?

Postby rainjacktx » Thu Sep 08, 2016 1:42 pm

hijack

I just finished watching There Will Be Blood. Radiohead did the soundtrack. Never let Radiohead do your soundtrack.

/hijack
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Re: Could oil discovery give Balmorhea a boost?

Postby Leman Saunders » Thu Sep 08, 2016 2:46 pm

Did Garden City or Sterling City get a big boost from the last oil find in their areas...the answer is NO.
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Re: Could oil discovery give Balmorhea a boost?

Postby smokeyjoe53 » Thu Sep 08, 2016 5:00 pm

rainjacktx wrote:hijack

I just finished watching There Will Be Blood. Radiohead did the soundtrack. Never let Radiohead do your soundtrack.

/hijack

Another hijack

Just saw Hell or High Water....... Good soundtrack......... Better movie......
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Re: Could oil discovery give Balmorhea a boost?

Postby Old Bearkat » Thu Sep 08, 2016 7:20 pm

Leman Saunders wrote:Did Garden City or Sterling City get a big boost from the last oil find in their areas...the answer is NO.


Nope. Everyone commuted from Big Spring/Midland/Odessa/San Angelo.
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Re: Could oil discovery give Balmorhea a boost?

Postby ol' gus » Thu Sep 08, 2016 10:08 pm

I'd rather keep it all under wraps till we secede.
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Re: Could oil discovery give Balmorhea a boost?

Postby rainjacktx » Fri Sep 09, 2016 8:30 am

ol' gus wrote:I'd rather keep it all under wraps till we secede.


From your mouth to God's ears.
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Re: Could oil discovery give Balmorhea a boost?

Postby Old Bearkat » Fri Sep 09, 2016 9:34 am

rainjacktx wrote:
ol' gus wrote:I'd rather keep it all under wraps till we secede.


From your mouth to God's ears.

Image
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Re: Could oil discovery give Balmorhea a boost?

Postby Old Bearkat » Tue Sep 27, 2016 1:32 pm

Not exactly on topic, but close. This article about Shale oil producers had a photo of a pumpjack supposedly in Garden City. From the color of the soil, it looks to be more in the northwest corner of the county.....

http://www.wsj.com/articles/two-years-i ... 1474968601
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