Remember “The Beverly Hillbillies” theme song? It had a couple of nicknames for an oil boom. One was “Texas Tea.”
Within the past few months tendrils of Texas Tea from one of the two premier oil booms in the nation has “trickled up” from South Texas into the Rockdale area. There are now a handful of drilling rigs looking for oil and gas in the Eagle Ford formation southeast of town.
The Eagle Ford and North Dakota’s Bakken Shale are the two most famous oil booms in the country and both are generating tons of economic activity.
Don’t look for anything on that scale in South Milam County just yet—or ever unless a lot more happens—but there are some tantalizing facts worth thinking about.
The Eagle Ford is there under part of our county. Way under, it’s true, but it’s there.
The key question, of course, is how much will it cost to get the oil out. There’s gold in lots of rocks but if it costs more to extract the gold than the current price of gold, well, you don’t need a degree in economics to figure that one out.
Here’s the way these things usually progress, if they progress at all. Someone will drill and get nothing. Someone will drill and get nothing. Someone will drill and hit it. Then everyone will drill.
It doesn’t hurt that just the Eagle Ford name carries a certain mystique. But mystique doesn’t pay any roughneck’s salary. Whether there are any more chapters in the “Milam Eagle Ford Story” to be written is still to be determined.
But for now it’s interesting to see all those maps of Eagle Ford drilling activity now include Milam County.— M.B.