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Texas Oil Boom Fueling Trucker Bonuses Propels Odessa

Bloomberg -- Truckers can get $5,000 signing bonuses from companies serving Odessa, the West Texas center of a new Lone Star State oil boom and the nation’s fastest-growing city.

Housing is so tight that the local school district put deposits down on 15 apartments, to ensure that new teachers moving to the area would have places to live.

Union Pacific Corp. is adding tracks and railyard facilities to help trains handle flows of drilling supplies coming in and crude oil heading out. The rising prosperity, driven by new extraction technologies and hydraulic fracturing, has unleashed an economic surge that is transforming Texas’s “petroplex” of Odessa and nearby Midland.

“It’s like we just discovered oil out here,” said Mike George, the 65-year-old head of the Odessa Chamber of Commerce.

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Submitted Aug 06, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Texas Oil Boom Fueling Trucker Bonuses Propels Odessa Post a Reply Back to Topics
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nfldude
Champion Author San Diego

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Message Posted: Aug 6, 2012 12:50:24 PM
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good
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Hop1LA
Champion Author Baton Rouge

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OK
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MrLefty0706
Champion Author Chicago

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Message Posted: Aug 6, 2012 11:33:40 AM
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Happy to see the positive impact oil production is having on an American city.
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skybiker
Champion Author South Carolina

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Message Posted: Aug 6, 2012 11:23:25 AM
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Free markets always work.....
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VomVom
Champion Author Calgary

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Message Posted: Aug 6, 2012 11:03:35 AM
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Oil and gas exploration and production does provide significant benefits to local, state and national economies. Fossil fuel use is going to be with us for a long time. So take advantage of the home grown production to put people back to work.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Aug 6, 2012 10:11:11 AM
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Keep on trucking!
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hatterasjack
Champion Author South Carolina

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Message Posted: Aug 6, 2012 9:56:25 AM
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Sounds like Odessa/Midland is on it's way to becoming the energy capital of Texas. With wind and solar being big players O/M may see sustained prosperity.
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nskmda
Champion Author Grand Rapids

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Message Posted: Aug 6, 2012 9:51:53 AM
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good for them
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RichWLIN
Champion Author Indiana

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BCM1 said it all!
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photobuddy
Champion Author Washington

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Message Posted: Aug 6, 2012 9:24:28 AM
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Sounds great. Would love to know which companies are looking for driver. Hope they keep pumping for many years.
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BCM1
Champion Author Pennsylvania

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Message Posted: Aug 6, 2012 9:21:42 AM
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Funny how home grown energy promotes jobs and growth. Now if the current administration would only get a clue.
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jethro5000
Champion Author Kentucky

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Message Posted: Aug 6, 2012 9:20:09 AM
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Sounds great...
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D4444J
Champion Author Albuquerque

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Good for them
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Heltonw
Champion Author Montana

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Good for a state who wants prosperity.
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rippinusoff
Champion Author Lexington

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ok
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LuthierKS
Champion Author Wichita

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Message Posted: Aug 6, 2012 9:17:55 AM
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We need this oil. The U.S. government is cutting back production on public land whenever they can, so it's up to drillers on private land to take up the slack.
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kpacey
All-Star Author Oklahoma

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ok
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ramgas
Champion Author Texas

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Message Posted: Aug 6, 2012 9:16:48 AM
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Big payday for some of these truckers.
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jalan25
Champion Author Indianapolis

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Hopefully a long term trend
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CheckitoutGuy
Champion Author San Diego

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Message Posted: Aug 6, 2012 9:14:57 AM
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Its all good
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Black Wagon
Champion Author Illinois

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Message Posted: Aug 6, 2012 9:14:48 AM
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I guess I should buy a truck and move to Texas.
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dinomen
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Sure.
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Darwin00
All-Star Author Mississippi

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Message Posted: Aug 6, 2012 9:13:45 AM
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The same things is happening in North Dakota. Please are living in old trailers brought in by the oil company's or locals. Trailer in winter? Not good.
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tribill
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Whatever....
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unicornpmb
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Message Posted: Aug 6, 2012 9:11:58 AM
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Good news for the trucker.
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RangerTrainer
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Sure
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pbug101
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ok
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DJRIO
Champion Author Miami

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Texas is where business moving
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Sam195
Champion Author San Bernardino

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Message Posted: Aug 6, 2012 9:06:30 AM
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Wow, that's great news.
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AlienBug
All-Star Author Connecticut

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Message Posted: Aug 6, 2012 8:54:21 AM
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Mojo Power!
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drpepperTX
Champion Author Texas

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Message Posted: Aug 6, 2012 8:48:08 AM
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Just think how bad things would be in this country without these boom areas, it's not just Odessa.
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gravityhurts
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Good.
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Gman2011MI
Champion Author Michigan

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Message Posted: Aug 6, 2012 8:15:08 AM
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good now just open a few more refineries to refine the stuff so when others goes down for maintinace we won't have these riduclous prices!!!!!
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scrossi
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Good for them.
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paoli8
Champion Author Philadelphia

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Good old Texas oil boom
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ZeroBoxes
Champion Author Mississippi

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Well made in USA with new jobs to card-carrying Americans. Go the "American" party!!
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dopster
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Well, there are some jobs!
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k2kipp
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Good for them
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Bildawg
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good
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daquanabe
Champion Author Houston

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okay
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GingoutMD
Champion Author Maryland

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Message Posted: Aug 6, 2012 8:02:18 AM
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Good news for that region of Texas, but with every boom comes the follow-up bust, so the towns better be ready..
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pa79th
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We need to get older refineries back online, especially in the Philadelphia area.
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TBecker1415
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Awesome!
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SmokeFan14
Champion Author St. Louis

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Message Posted: Aug 6, 2012 8:00:28 AM
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If ther is all this boom, then wahy is gas so high.
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BackwoodsPundit
Champion Author Richmond

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Message Posted: Aug 6, 2012 7:58:29 AM
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Odessa, the new boom town.
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teatiger
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ok
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craigsf38
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good 4 them
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Lukus
Champion Author Halifax

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Good until the oil stops.
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freedomsailor
Champion Author Naples

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And when the "boom" is over, Odessa will become a ghost town, again.
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essel
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ok
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