Post reaping benefits of oil boom

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Updated: 2/23/2013 10:52 pm
Driving down Highway 84 to Post, pump jacks are a familiar site, and with an estimated forty percent of its labor force involved in the oil industry, Post is reaping the benefits.

"it's good for us, it's good for our economy, it's good for development and growth."

Garza County Judge Lee Norman said the trend has been gradual, but last year showed the largest jump in growth.

"The revaluation in the legislature that we've seen on the oil properties on the last four years, we've seen that impact now," Norman said. "So that's where the increase was. But again, it's steady. Oil is probably about 80 percent of our valuations for Garza county, which is, at this time, a good, stable industry."

You won't see many "For Sale" signs. The housing market is seeing the most growth.

"Through this strong economy, housing is tight here. I think it is in a lot of smaller communities, but that's a good thing," Norman said. "There's some inquiries now into what we have and what's available, so that's always a good thing for the housing market."

Casey McNeely owns Rush Realty. He said whether people are buying or renting, they're always at 100 percent occupancy.

"As soon as somebody moves out, I've got a waiting list of applicants, and as soon as somebody moves out and their lease expires for whatever reason, I've got somebody standing there ready to move right in behind them. And it's like that all the time," McNeely said.

Judge Norman said there is talk that nearby cities could be bringing more labor, and possibly more housing to the area in the future.
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