Oil Companies Made Billions in This Texas Town. Then Abandoned It. Karnes City, Texas. Population 3,000. In 2011, the Eagle Ford Shale boom turned ranchers into millionaires overnight. Workers made six figures. By 2015, oil crashed from $100 to $30 a barrel. Companies left. Rig count dropped from 200 to under 30. The town got poisoned water, fracking earthquakes, and a collapsed economy. The oil companies moved on with billions. The people stayed with the bill. Comment your Texas boom town. Karn
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