Oil & Gas Boom Impacts Kansas
Despite the efforts of the US Obama administration to shut down the fracking US oil & gas explosion, new hot spots of fossil fuel prosperity continue popping up across the continental US. In this case, it is the flat and placid state of Kansas that is being impacted by the economic tsunami brought by shale oil & gas fracking and horizontal drilling.
Hundreds of workers seeking high-paying jobs are flocking to places like Harper County, which had resorted to paying people to live there because of its declining population. Businesses are coming back from the dead and a housing shortage has caused rents to triple.If the US can eject the suicidal energy starvationists from its highest levels of government, media, and academia, its future -- and that of the global economy at large -- will look much more assured.
Oil companies began exploring Southern Kansas over a year ago, seeing enormous potential in the area now that new technologies like horizontal drilling and fracking have made it possible to tap into the oil-rich Mississippian Limestone formation.
SandRidge Energy, which holds the most horizontal drilling permits in Kansas, estimates there are about 15 billion barrels of recoverable oil in this part of Kansas. The company plans to drill 130 wells in the state by the end of the year -- up from 10 last year. And its wells are hitting oil 100% of the time.
"[The oil companies] aren't hitting any dry spots," said Mike Lanie, economic development director of Harper County. "This is looking like it could be the largest economic impact in the state's history, and for many people in these small towns, this will be a blessing." _CNN_via_CarpeDiem