Sunday, May 11, 2008

Natural Gas boom in Ft. Worth

Fort Worth, which is adjacent to Dallas and forms the other big piece of the DFW metroplex, is now feeling very good about itself because it sits on the nation's largest natural gas field. This article gives more background.
The upside is palpable around town. Once-struggling oilmen and big landowners are suddenly flush with gas money, while thousands of average homeowners are now collecting modest monthly royalty checks. According to an industry-funded study, an estimated 84,000 jobs have been created throughout the region by the drilling boom. "It's created a new wealth in our city," declares Fort Worth Mayor Mike Moncrief. "It's inoculated our economy. We find ourselves being an island in a sea of recession around us."


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