- Getting the right of way to ship water across 250 miles, and 650 tracts of property. Interesting details of how Pickens manipulated the rules on special-district formation to get the rights to eminent domain.
- Pumping faster than his neighbors: Texas has the worst ground water rights I've ever heard of ("If I can pump it, it's mine"), and Pickens will be competing with neighbors to draw down the local aquifer. (He claims to be ok with a 1.2% drawdown on a 0.1% recharge.)
- Dallas being willing to buy some pretty expensive water. There may be competition from farmers who are closer to the city (prior post).
18 June 2008
Texas Pump 'em
Businessweek covers T. Boone Pickens' plan to export water from the Texas Panhandle to Dallas. Pickens, a famous oilman, appears to think that pumping water will be as lucrative as pumping oil. His plan to sell 200,000 acre-feet a year to Dallas at $825/AF depends on a few things: