Will the oil & gas boom reach Lubbock? - KCBD NewsChannel 11 Lubbock

Will the oil & gas boom reach Lubbock?

Source: MGN Online Source: MGN Online
LUBBOCK, TX (KCBD) -

Midland's economy has seen big benefits from their oil and gas boom. Could the same thing happen in Lubbock?

On Friday, the Lubbock Economic Development Alliance hosted a luncheon exploring the possibilities. Experts from the Permian Basin Petroleum Association teamed up with Texas Tech University for "Drilling Down" a look at Lubbock's future in the oil and gas industry Friday morning at the Texas Tech Club. Dr. Ron Kendall with Texas Tech says a increase in production is coming.

"With improvements in hydraulic fracturing, it's opening a lot of oil and gas discovery in West Texas. We're seeing a lot more development, even in Scurry county," Kendall said.

Experts say there is no sure way to know if we'll see a boom, but they don't believe it will be as big as Midland's. They say testing is constantly being done to search for hydrocarbon zones in the earth. John Cristmann is the Vice President of Apache Corporation, whose wells cover the Permian Basin.

"Drill down, test what the productivity is going to be with oil and gas and what they'll produce," Christmann said.

There are positive signs, especially near Snyder, but absolute results could take years. Experts believe positive effects will be seen in Lubbock regardless, and that economically, it's a win-win situation.

Councilman Todd Klein embraces the changes even if it means just getting some extra business from the Midland boom.

"It makes the area more competitive in a world in which the best and the brightest are looking for a place to make a living. We're going to capitalize on that because we get sales tax and get entertainment and sometimes they'll come up and stay for a game," Klein said.

The issue of hydraulic fracturing was also discussed. The experts say it's the best way for Lubbock to reach their highest potentials in the oil and gas industry.

Copyright 2013 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Ex-Trump aide pleads guilty, will cooperate in Russia probe

    Ex-Trump aide pleads guilty, will cooperate in Russia probe

    Friday, February 23 2018 12:14 AM EST2018-02-23 05:14:34 GMT
    Friday, February 23 2018 7:36 PM EST2018-02-24 00:36:36 GMT
    (AP Photo/Alex Brandon, File). FILE - in this Feb. 14, 2018, file photo, Rick Gates departs Federal District Court in Washington. In a dramatic escalation of pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday...(AP Photo/Alex Brandon, File). FILE - in this Feb. 14, 2018, file photo, Rick Gates departs Federal District Court in Washington. In a dramatic escalation of pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday...

    Special counsel Robert Mueller has filed additional criminal charges against President Donald Trump's former campaign chairman and his business associate.

    Special counsel Robert Mueller has filed additional criminal charges against President Donald Trump's former campaign chairman and his business associate.

  • After school shooting, Florida leaders propose new gun laws

    After school shooting, Florida leaders propose new gun laws

    Thursday, February 22 2018 11:34 PM EST2018-02-23 04:34:46 GMT
    Friday, February 23 2018 7:35 PM EST2018-02-24 00:35:33 GMT
    (Mike Stocker/South Florida Sun-Sentinel via AP). Mourners attend the funeral service for Marjory Stoneman Douglas High School assistant football coach, Aaron Feis. at the Church by the Glades in Coral Springs, Fla., Thursday, Feb. 22. 2018. Football p...(Mike Stocker/South Florida Sun-Sentinel via AP). Mourners attend the funeral service for Marjory Stoneman Douglas High School assistant football coach, Aaron Feis. at the Church by the Glades in Coral Springs, Fla., Thursday, Feb. 22. 2018. Football p...

    'Abject breakdown on all levels': Florida high school where ex-student accused of fatally shooting 17 people reopening to teachers Friday amid revelations an armed officer on campus did nothing to stop suspect,...

    'Abject breakdown on all levels': Florida high school where ex-student accused of fatally shooting 17 people reopening to teachers Friday amid revelations an armed officer on campus did nothing to stop suspect, other issues.

  • Breaking

    15-year-old boy arrested, charged with making false report of threat at Levelland High School

    15-year-old boy arrested, charged with making false report of threat at Levelland High School

    Friday, February 23 2018 7:07 PM EST2018-02-24 00:07:04 GMT
    Emergency responders were on the scene at Levelland Middle School for a bomb threat Thursday, February 22 (Source: Chance Potter)Emergency responders were on the scene at Levelland Middle School for a bomb threat Thursday, February 22 (Source: Chance Potter)

    A 15-year-old Levelland boy was arrested today and charged with false report of a threat at Levelland High School.

    A 15-year-old Levelland boy was arrested today and charged with false report of a threat at Levelland High School.

Powered by Frankly