Skip to comments.Pleasanton [TX] booms along with oil field
Posted on 08/13/2012 1:51:17 AM PDT by Cincinatus' Wife
PLEASANTON ...is now birthing an oil boom.
The industrial park that once had 12 to 15 empty buildings is full. There are three hotels under construction, and all likely will open with a no vacancy sign.
..... it's a long wait to get a seat at the new and in-demand Chili's restaurant. Oil field companies including FTS International, Marathon Oil Corp. and Boots & Coots International Well Control Inc. have opened locations here.
.... drawn by its access to Interstate 37, rail lines and a location in the middle of the play, which puts workers and supplies within an easy drive of various oil fields.
....population sign....says 8,622 people live here, but utility hookups tell a different story. ....Pleasanton, about 35 miles south of downtown San Antonio, has swelled to around 11,500 residents, most of whom have arrived in the last year and a half to work in jobs related to drilling in the Eagle Ford Shale.
....This whole town is being set up to accommodate these oil companies,.....It's almost like a college town or a military town. It feels very similar to Fort Hood and Killeen.
Truck traffic notoriously has damaged roadways across the Eagle Ford Shale counties, and Atascosa County Commissioner Bill Carroll has been known to call offending companies and say, You tore up my road.
He's overseeing a few miles of roadwork for which one company donated $5,000, and two others are throwing in two loads of bulk cement each. Carroll will provide the work crews. The biggest thing is they want to be part of the community, and they want to get along with the community,,,,They'll pitch in.
....An influx of workers has meant the city's sales tax receipts, just less than $2.1 million in 2010, have surpassed $3.5 million so far this year....
(Excerpt) Read more at mysanantonio.com ...
Texas Oil Boom III. And this time the Texas economy is diverse enough that when it ends (as it inevitably must) we won’t get hammered like we did in the 80s.
Dear California - if you allowed drilling, these riches could be yours as well.
“And this time the Texas economy is diverse enough that when it ends (as it inevitably must) we wont get hammered like we did in the 80s.”
I would not count my eggs before the chicken is laid..... Things are already slowing down on the East Eagleford. Sure things are still going, but not like it was.
Also, you might want to do some investigating on who owns the major mineral rights in this area. Cheasapeake sold most of their holding in this area to China a while back. Chesapeake tried to sale their interest in California during the Bush era, but the administration shot it down. Bring on Odinga and wala, China buys Chesapeakes oil/gas interest in some of the Eagleford for 2.3 Billion.
The natural gas is headed for liquification near Corpus Christi for shipment. Oil is being cracked in some of the refineries along the Gulf Coast with some being sold here but most shipped.
Ain’t Amerika just grand under Odinga????
This may or may not be the case - but in the meantime, whoever the people are at the top, they are of necessity pumping cubic miles of money into the local economy. They *have* to hire locals and the money circulates through the local economy regardless. Oil and gas exploration is of necessity labor intensive and that means people get paid. That money trickles down, no matter where the extracted resources are going.
The point I was making was that when this boom inevitably plays out the entire state won’t be damn near broke like it was back in the 80s after the oil price crash. Today’s Texas economy is far more diverse; back then oil and gas made up more than half of the revenue and employment of Texas. Today, oil and gas is maybe 20%. If it all went away tomorrow, we would be hurting but not near-fatally like it was last time. At current no one sector of the Texas economy has a clear and commanding lead, meaning that if something goes wrong in one sector we’re not crippled.
The Texas Gulf Coast is still in importer of oil, not an exporter.
Although there are plans to have future Natural Gas exports as LNG on the Gulf Coast, today, there are only imports plants located there.
“That money trickles down, no matter where the extracted resources are going.”
SO, seems you are perfectly fine with our natural resources going to China and us being their lil slave ants.
I believe our converstation is over. Go on your way.
I recently visited the Permian basin and drove around the booming oil fields north and west of Monahans. The place is literally swarming with white pickups most having only a driver on some un known mission to one of the endless wells and new rigs.
There were also two types of big rigs. The first and most numerous is a tanker, smaller diameter than the stainless chemical rigs herebouts , all painted and having a series of flanges surrounding the circumference.
The second is a stainless bulk trailer with three or four compartments. Around here they carry portland cement. I have wondered over and over, what to they transport in the oil fields?
He didn't say that at all.
I know that, Spyktr knows that, the rest of the FR readers know that, and if you had half a brain you'd know it too.
Drilling mud, frack sand and related materials.
True, we are design today on some gas liquification facilities now. Large effort around permitting and filling facilities
Did not say oil was being exported. Fuel is being exported here in Texas as well as in Louisiana.
Yes, we import more oil than we need for ourselves and due to a refinery surplus capacity, we can take some of the surplus imported oil and export surplus refined product.
It keeps more jobs in the US, helps the trade balance and gives us some ability to have surplus refining capacity.
True enough, what you did say:
Oil is being cracked in some of the refineries along the Gulf Coast with some being sold here but most shipped.
Most is fuel from the Gulf Coast is exported? Is that your claim?
The Gulf Coast refines ~8 million barrels per day of Crude Oil.
It exports about 25% of that amount as refined products. But a large chunk of that is refinery leftovers like Petroleum Coke and Residual Oil. These combined with high sulfur diesels, waxes and asphalts make up over 40% of those exports.
Oil jobs? Sorry, can’t have that. This needs to be reported to Obama.
Yessir, the oil is not exported, I guess I should have said fuels and by products are exported. I could use some of that high supphur diesel right now to treat some brush around the place.
My bad, I apologize.
I also understand these refineries along the south coast are having difficulties with the Eagleford oil. Having to retro the facilities to preheat. Still only getting 6 month and less run time before having to turn around to decoke the facility. Three Rivers just started up to try some new equipment and hoping to get longer run time.
True enough and I think most is contractual with the refineries.
I would like to hear more about these claims. I've worked an expansion project at the Three Rivers Refinery to bring in more Eagle Ford oil. All the oil in that refinery is preheated to go into the desalter prior to the distillation refinery. It has been that way for many years before the Eagle Ford oil was coming in.