Pay dirt: The demand for land in the Cline Shale region
http://lubbockonline.com/local-news/2013-01-23/pay-dirt-demand-land-cline-shale-region#.UQ-ePR2Yt8E
Commercial property listed in Cline Shale region selling within 24 hours
As Cline Shale boom expectations mount, the residual effects of recent increases in oil and gas industry activity are apparent in skyrocketing demand for property.
Regional property demands are keeping pace with energy industry buzz generated as interest in the Cline Shale grows. In a collective attempt to stay ahead of the oil boom curve and protect resident interests, local officials gather monthly to provide updates and voice concerns surfacing as drilling increases.
The demand for Cline Shale property took center stage at the Jan. 16 Cline Shale meeting in Snyder, where community leaders across the region reported increasing demand for residential, commercial and industrial property.
“As Cline Shale boom expectations mount, the residual effects of recent increases in oil and gas industry activity are apparent in skyrocketing demand for property.”
That is an understatement, the flood of people moving to this area has over run us. Old properties and houses are being rebuilt and turned around as fast as they can complete them. Major builder from around the state are setting up facilities to keep up. Service companies can’t get enough people to keep up with the demand. I handle the production side of our company and keeping things up running and flowing is getting more difficult. My pumper used to get their loads sold within 24 hours now it may takes as long as 4 days to get a load picked up. Pecos and Navajo have both brought in trucks from around the states and have set up new gathering stations on the west and north side of town. Two new gas lines are headed north of town to gathering locations up there. We’re like a giant antbed down here.