What Happens to All Our Texas Water When the Aquifers Run Dry From Gas Fracing? T Boone Pickens Will SELL it to youSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


What Happens to All Our Texas Water When the Aquifers Run Dry From Gas Fracing? T Boone Pickens Will SELL it to you

19 January 2007 at 3:27:15 PM

Article written from the *Should You Invest In Water Rights* side of the house that nonetheless brings out some urgent facts about water. First let me say I've gotten a couple of calls in the last day or so from Somervell residents after I put an ad in the Glen Rose Reporter newspaper asking who is concerned about water, with plans to hold an upcoming informational meeting on the issues. One man said he believes the gas companies don't care if they ruin the ground where they drill, because they'll get their money out of it and move on. But for those of us that live here, water is a precious commodity that, at least for a percentage of us, comes from the ground through our wells, and doesn't have to be purchased.

T Boone Pickens is one of Texas' Water Barons.

Pickens’ new company, Mesa Water, has been buying up ground water rights in Roberts County, Texas - 200,000 acres in all. He says that over a 30-year period, he expects to make more than $1 billion on his investment of $75 million. (Which means he'll be able to buy himself a very nice present for his 108th birthday!)

Pickens wants to take the water from the Ogallala Aquifer and pump about 200,000 acre feet of groundwater annually to El Paso, Lubbock, San Antonio, or Dallas-Fort Worth - for a price, of course.

This price would depend on how far the water needs to go. El Paso would pay around $1,400 per acre foot, while Dallas would pay $800 and San Antonio more than $1,000.

Acre feet, by the way, is a common industry metric. Basically, an acre foot of water is the amount of water required to flood a plain of 1 acre to a depth of 1 foot. Generally speaking, 1 acre foot of water can support two families of four for one year.

Pickens has no qualms about charging people for water and has a ready quip for those who think it wrong to do so. “I know what people say - water’s a lot like air. Do you charge for air? ’Course not; you shouldn’t charge for water,” says he. “Well, OK, watch what happens. You won’t have any water.”

Read the whole article. Pickens is sure he'll make a fortune from his investment and because people who want water ... to LIVE.. will have to pay it, anyone that decides to invest in this type of thing will also profit. But the consumers will have to pay.. for water.. at whatever going rate the market will bear.

Also saw, related to this, an article from the Grayson newspaper, the Herald Democrat, where the county extension agent held a meeting about water.

“Water is the new currency,” said Dr. John Partin, biologist and vice president of Grayson County College South Campus.
Water is not only becoming a natural resource of Texas, but has also become a commodity.

“It is something that has also become traded. ENRON, before they collapsed, traded water on the New York stock exchange,” he said.
“I was at a meeting two years ago, and the guy said that in 20 years the cost of water will exceed the cost of electricity,” said Van Alstyne Mayor Mike Parker. “People don’t realize that.”

Given that water is such a precious commodity, WHY are we allowing gas well operators to use our water without any type of regulation??????

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