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I am Mike Rasco, and this is your West Texas Update
Today in West Texas the oil & gas industry is looking more and more alive. People are hiring more than just son-in-laws and golf playing buddies. They are hiring guys they can fire if the price of oil doesn’t keep rising and then they don’t have to fire “Ol Boy”.
The price of oil reached a high of $54.60 on Monday for 22 seconds, causing housing and pipe prices to rise by 22%.
Dirtwork, Roustabout, and pipe yard companies are on a hiring spree before the spring weather and rains bring weeds growing 7 feet tall in yards full of equipment they haven’t lost yet. Someone has to chop weeds to keep things looking half way presentable.
The Delaware Basin land rush just keeps getting more pricey as the days move on. Acreage in proven areas are fetching a premium. RV spots in Pecos, Texas are forecasted to cost more a month than the trailers parked in them.
Men who’ve been looking for work the past two years are feeling a bit more bitter when they finally get that call to run back into work. Some are quoted as saying, “Really could’ve used this job 9 months ago when I still had a way to get to work.”
Some of these same men have been seen riding 10-speed bicycles down interstate 20 towards oil fields.
A new frac sand mine is being planned in west Texas, thankfully that’s one of the few things we have plenty of. Sand, sun, oil, and bars that don’t run tabs anymore.
Now that Donald Trump is the president, we are all looking forward to his idea of the energy independence so many bureaucrats have promised in the past. But we are also kind of worried about this wall. We’ve all got lots of friends here in west Texas who have a hard enough time sneaking back and forth.
Oil inventory is up, and the rig count is gaining every day. So don’t hold your breath ya’ll. That light at the end of the tunnel could just be another overdue electricity bill.
I am Mike Rasco, and that was your West Texas Update.