Given tanking gas prices and bullish oil prices and all the headaches found in the Barnett, companies have begun asking themselves: "Why even bother with towns like Southlake?"
Especially when there's a new place to go drilling. With the price of oil still edging near $100 a barrel, the oil-producing, sparsely populated Eagle Ford Shale, in South Texas, has risen to preeminence as the Texas playground. For now, the energy companies will lick their wounds, cut their losses and move south. If the price of gas bounces back, maybe one day they'll return. Maybe not. Either way, they'll do well to remember one thing, as Kim Davis put it: "You drive around Arlington and Fort Worth, and these gas wells are right next to apartments and playgrounds. It seems like when people are educated and have a little more money, they stand up."
ZUMA Ralph Lauer/ZUMAPRESS.com
A natural-gas well, like this one in Weatherford, would have gone up 1,200 feet from the home of Southlake mom Kim Davis. Chesapeake Energy claims regulation championed by Davis kept the company out of the suburb.
James Berglie/ZUMApress.com
ExxonMobil CEO Rex Tillerson (left) and XTO founder Bob Simpson testify before Congress about the controversial drilling process called "fracking."
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Put another way: Welcome to Southlake.