Our friends at the Cline Shale Alliance held their quarterly luncheon on July 14, 2014 in Colorado City and heard from representatives of local companies and economic development organizations on various issues facing the Cline Shale area and new infrastructure projects. In addition, we at the Cline Shale Site provided an update on regional production, drilling trends and stocks that became our July 2014 Newsletter.
Per the Colorado City Record, housing (or the lack thereof) was a notable topic of discussion at the luncheon. Jim Clements of Oncor and the Big Spring Chamber of Commerce reported on the significant increase in housing activity that has left Oncor running eight to ten weeks behind schedule on orders. Greg Wortham of the Alliance also noted that companies interested in the area have faced issues due to a lack of housing, adding “the places that get the housing will get the companies.”
In addition, the attendees heard reports on the development of new projects in the area, including a new power plant and an expanded logistics center. [Read more...]