T. Boone's Plan To Corner The Water Market

For all the black ink Boone Pickens has garnered for his green energy plan, I wish he would get an equal amount of press for his blue devilry. What I’m referring to is Pickens’ long-brewing scheme to amass an ocean of groundwater in the Panhandle and then sell it to cities when they get desperate enough.

Pickens’ water company, Mesa Water, already has an estimated 210,000 acre-feet of Ogallala Aquifer water rights, potentially worth hundreds of millions. That’s a lot of water. An acre-foot is enough to cover one acre with one foot of water. Austin uses about 170,000 acre-feet each year.

Read the whole thing at Texas Observer >>

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