West Texas Cities Prepare for Coming Oil Boom

West Texas Cities Prepare for Coming Oil Boom

In this article by KTXS, Sweetwater business owners and residents give their thoughts about how the Cline Shale discovery is affecting their lives: Sweetwater prepares for coming oil boom

The most interesting part of the article for our industry is the change in cost per acre of land in the Cline Shale area from a year ago to now:

"People are paying anywhere from $850 to $1,500 an acre for land in Cline Shale. A year ago, that land was going for $100 to $250 dollars an acre."
-Jenna Rogers, ktxs.com