KBTX | Bryan & College Station, TX | News, Weather, Sports

Oil Industry Causes Spike in Madison County Economy

By: Stephanie Ando Email
By: Stephanie Ando Email

Officials say this has been a record year for the oil industry in Madison County, and its causing a ripple effect on the local economy.

“As of 2012, it was the biggest increase we've had so far. In the county, we've had 260 million dollars of new value from the oil industry. Approximately 20-26 new wells, the average value about 10 million dollars per well,” said Matt Newton, Madison County Chief Appraiser. That's a 200 percent increase in one year.

Oil companies aren't the only ones benefiting from the boom.

{David Patel/Carefree Motel Owner} “Last year and this year, I can see the business improved,” said David Patel, owner of the Carefree Inn in Madisonville.

Madisonville Motels have been filling up with oilfield workers.

“That's basically our main source of income. We have people from Mississippi, people from Louisiana. We have definitely increased in volume of business in the last 6 months basically,” said Mary Shiflet, Best Western.

The Madisonville Fire Department is also seeing some changes.

“It’s a tough job, it’s a very dangerous job,” said Thom Jones, Madisonville Fire Chief. “There’s a lot of hazards. Over the years we've gone on a lot of fatalities...a lot of tank explosions. Part of the reason Madisonville has so much foam firefighting equipment is because of the oil fields. That's a pretty common thing for us to go out on.”

Madison County officials don’t know how long this boom will last, but they are confident this is just the beginning.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 172564471