Pickens Eyes Pipelines in Drought-Ridden U.S.Legendary Texas oilman T. Boone Pickens recently detailed his plan to wean America off foreign oil by blanketing the Great Plains with wind turbines. But Pickens also has a lesser-known plan that is centered on another commodity, one every bit as vital to America's future as energy—water. If it all works out, his water plan could remake Pickens as a whole new kind of baron.
Pickens is in the planning stages of a $1.5 billion initiative to pump billions of gallons of water from an ancient aquifer beneath the Texas Panhandle and build pipelines to ship them to thirsty cities such as Dallas. So far, no city has taken up his water company, Mesa Water, on the offer. But company officials and experts agree that a continuation of the drought impacting large portions of the United States could turn Pickens into something of a water baron. His yet-to-be-built pipeline would follow the same 250-mile corridor as electric lines carrying power from his wind farms. Pickens prompted the creation of a public water supply district, run by his employees, that can claim private land for the pipeline route through eminent domain. (Follow the pipeline's path here.)
A drought has drained water from Texas and much of the rest of the United States. That could make water an increasingly profitable commodity for those who hold the rights. According to his Web site, Pickens owns rights to more water than anyone else. "In general, there's a lot of it, it's just not in the right place," says Robert Stillwell, legal counsel for Mesa Water (and board member of the water supply district), which continues to acquire water rights in rural Texas. He dismisses questions about whether the water would be cost-competitive. For cities looking at their future water needs, he says, "cost becomes irrelevant." As far as Mesa's pipeline snaking across the Texas heartland, Stillwell insists that "it's going to happen, it's just a matter of when."
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