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#5486675 - 12/18/14 08:39 PM economy and hunting
7mag Offline
THF Celebrity

Registered: 01/21/06
Posts: 20403
Loc: West Texas
Oil is plunging downward. Good or bad for Texas hunting?
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#5486681 - 12/18/14 08:42 PM Re: economy and hunting [Re: 7mag]
kyle1974 Offline


Registered: 05/06/09
Posts: 2047
I think it would take several years to actually see any change to leases prices. I do think ranches that are doing package hunts will lose business. In south texas, a HUGE portion of those hunts are being bought up by the oilfield.

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#5486695 - 12/18/14 08:49 PM Re: economy and hunting [Re: 7mag]
Simple Searcher Offline
Extreme Tracker

Registered: 12/30/12
Posts: 4143
Loc: Helotes, Hext
I guess that depends if you are the lessee or the lessor.
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#5486732 - 12/18/14 09:03 PM Re: economy and hunting [Re: 7mag]
stxranchman Offline
Obie Juan Kenobi

Registered: 08/04/10
Posts: 52092
In the 80's when oil money plunged downward I thought lease would go down. Wrong they went up the next few years even higher. They are even higher today by a whole lot than back then. A large lease was around $3/acre in the early 80's. They went to $6/acre in the next few years. Look at what a good lease cost per acre today in comparison. There are less and less leases available so they will stay up as long as the demand is there. Large ranches being broke up and sold have taken a lot of lease land out of the mix in the past 20 yrs. Those smaller places are all hunted by the new landowners now.
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#5486735 - 12/18/14 09:04 PM Re: economy and hunting [Re: 7mag]
jetdad Offline
Tracker

Registered: 03/02/13
Posts: 928
Loc: Grayson county
It will take a lot of the corporate leases and package hunts out first. Land prices will be affected depending on how long the price stays really low and how much future drilling is curtailed. Just like it (lease and land costs)went up, it will come down. How big of adjustment is anybody's guess at this point. It's the nature of the beast. If you don't have a lease it will most likely be easier to find one next year. When there is not as much money on the street, recreational land cost per acre will adjust.

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#5486750 - 12/18/14 09:07 PM Re: economy and hunting [Re: 7mag]
dogcatcher Online   content
THF Celebrity

Registered: 07/17/06
Posts: 77304
Loc: Abilene or on the road...
The big boys won't feel the pinch like the new guy that didn't know the bottom of the barrel was coming to haunt them. A bunch of the employees will be wishing they had back their lease money and the money they spent on toys when their other bills come due. Others that were not in the oil field will pick up most of the slack. Some leases will be turned back, but there is always someone wanting a new place. Some of these "ranches" that were bought with future earnings also will become available. Those will be harder to peddle, but land is a good investment so they will eventually sell.

The experienced people will bend like a willow tree with the wind, the inexperienced will snap like dry twig. Probably going to be some bargains out there, nice pickups, a few weapons and hunting gear will be for sale after the big paychecks slow down.
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#5486925 - 12/18/14 10:36 PM Re: economy and hunting [Re: 7mag]
colt.45 Offline
THF Trophy Hunter

Registered: 03/16/12
Posts: 9307
Loc: wondering about the woods
scratch Good economy hunting tis bad flag
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#5486942 - 12/18/14 10:48 PM Re: economy and hunting [Re: Simple Searcher]
colt.45 Offline
THF Trophy Hunter

Registered: 03/16/12
Posts: 9307
Loc: wondering about the woods
Originally Posted By: Simple Searcher
I guess that depends if you are the lessee or the lessor.
. as a lessee, credit adviser said leasing bad investment. back then it was less than $1.00 a day & hogs 24-7-365 its always the little guy that gets hurt. seen many put time & money & loose it all to bigger bucks. 2cents worth. As pappy once said: more money ya have the more Freedom ya have best wishes flag
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#5487145 - 12/19/14 07:31 AM Re: economy and hunting [Re: 7mag]
Western Offline
THF Celebrity

Registered: 04/20/11
Posts: 23574
Loc: Wise County Texas
Agree with STX and DC. It is my understanding that although many of the folks are Texans working in O&G, a huge amount of them are from out of state? Don't know how true that is, heard it here on THF and several times on the news, but I bet most of the out of staters turn tail and head home.
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#5487538 - 12/19/14 10:59 AM Re: economy and hunting [Re: colt.45]
txtrophy85 Offline
THF Celebrity

Registered: 08/12/05
Posts: 22026
Originally Posted By: colt.45
Originally Posted By: Simple Searcher
I guess that depends if you are the lessee or the lessor.
. as a lessee, credit adviser said leasing bad investment. back then it was less than $1.00 a day & hogs 24-7-365 its always the little guy that gets hurt. seen many put time & money & loose it all to bigger bucks. 2cents worth. As pappy once said: more money ya have the more Freedom ya have best wishes flag


Why do you keep bringing up your credit advisor?

Do you run it by him when you buy a snickers? How about a movie at the red box?

I don't think leases have been less than $1.00 a day since Lincoln was in office
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Originally Posted By: Nogalus Prairie
I think the deer hunting shows and "Bro' Country" are going to be the downfall of this once-great nation.

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#5487645 - 12/19/14 11:50 AM Re: economy and hunting [Re: 7mag]
Curtis Online   happy
THF Trophy Hunter

Registered: 02/26/05
Posts: 7654
Loc: Gonzales, Texas
I raise my own animals for the most part so it won't effect me either way. I sell them based on what I see general market value is that year and a large part of my business is not oil field related. I receive about six hunts a year out of about 47 this year that were oil field related. I still have a few oil field contacts and from what I have been told a lot of them have moved away from our area for now.

The oil field market drove up the price of exotics. to a level I never thought I would ever see. So many new people got into the industry and buying stuff at some ridiculous prices. The livesale of fallow bucks was just insane. That made part of my reason to go into whitetails and get out of stocking fallow bucks. If I'm going to pay $2500 for a small gold medal(not even a top 10 quality) fallow that used to cost me $800, then I'm going to buy whitetails that have a much higher end value and far easier to get. At the most I may be able to hunt that fallow for $3000 with just time spent on advertising. Any higher than that and the cost and risk to get the hunt sold is just too much for me. The top end value on whitetails has always been higher but I didn't have to spend so much on exotics as we do today. I have had no trouble finding good whitetails cheaper than the current fallow prices.
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#5487794 - 12/19/14 01:05 PM Re: economy and hunting [Re: txtrophy85]
colt.45 Offline
THF Trophy Hunter

Registered: 03/16/12
Posts: 9307
Loc: wondering about the woods
Originally Posted By: txtrophy85
Originally Posted By: colt.45
Originally Posted By: Simple Searcher
I guess that depends if you are the lessee or the lessor.
. as a lessee, credit adviser said leasing bad investment. back then it was less than $1.00 a day & hogs 24-7-365 its always the little guy that gets hurt. seen many put time & money & loose it all to bigger bucks. 2cents worth. As pappy once said: more money ya have the more Freedom ya have best wishes flag


Why do you keep bringing up your credit advisor?

Do you run it by him when you buy a snickers? How about a movie at the red box?

I don't think leases have been less than $1.00 a day since Lincoln was in office


fogive me if it offended U sir. twas not reason i posted it. believe my post tis more true than yours. stayed on lease till it sold. as pappy says: person with open mind has a wider point of view best wishes flag
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#5487997 - 12/19/14 02:57 PM Re: economy and hunting [Re: Curtis]
txtrophy85 Offline
THF Celebrity

Registered: 08/12/05
Posts: 22026
Originally Posted By: Curtis
I raise my own animals for the most part so it won't effect me either way. I sell them based on what I see general market value is that year and a large part of my business is not oil field related. I receive about six hunts a year out of about 47 this year that were oil field related. I still have a few oil field contacts and from what I have been told a lot of them have moved away from our area for now.

The oil field market drove up the price of exotics. to a level I never thought I would ever see. So many new people got into the industry and buying stuff at some ridiculous prices. The livesale of fallow bucks was just insane. That made part of my reason to go into whitetails and get out of stocking fallow bucks. If I'm going to pay $2500 for a small gold medal(not even a top 10 quality) fallow that used to cost me $800, then I'm going to buy whitetails that have a much higher end value and far easier to get. At the most I may be able to hunt that fallow for $3000 with just time spent on advertising. Any higher than that and the cost and risk to get the hunt sold is just too much for me. The top end value on whitetails has always been higher but I didn't have to spend so much on exotics as we do today. I have had no trouble finding good whitetails cheaper than the current fallow prices.



Man aint that the truth

When I first started guiding you almost couldn't give the fallow bucks away now everyone wants one and the prices are insane
_________________________
Originally Posted By: Nogalus Prairie
I think the deer hunting shows and "Bro' Country" are going to be the downfall of this once-great nation.

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#5488203 - 12/19/14 05:42 PM Re: economy and hunting [Re: txtrophy85]
colt.45 Offline
THF Trophy Hunter

Registered: 03/16/12
Posts: 9307
Loc: wondering about the woods
Originally Posted By: txtrophy85
Originally Posted By: Curtis
I raise my own animals for the most part so it won't effect me either way. I sell them based on what I see general market value is that year and a large part of my business is not oil field related. I receive about six hunts a year out of about 47 this year that were oil field related. I still have a few oil field contacts and from what I have been told a lot of them have moved away from our area for now.

The oil field market drove up the price of exotics. to a level I never thought I would ever see. So many new people got into the industry and buying stuff at some ridiculous prices. The livesale of fallow bucks was just insane. That made part of my reason to go into whitetails and get out of stocking fallow bucks. If I'm going to pay $2500 for a small gold medal(not even a top 10 quality) fallow that used to cost me $800, then I'm going to buy whitetails that have a much higher end value and far easier to get. At the most I may be able to hunt that fallow for $3000 with just time spent on advertising. Any higher than that and the cost and risk to get the hunt sold is just too much for me. The top end value on whitetails has always been higher but I didn't have to spend so much on exotics as we do today. I have had no trouble finding good whitetails cheaper than the current fallow prices.



Man aint that the truth

When I first started guiding you almost couldn't give the fallow bucks away now everyone wants one and the prices are insane

supply & demand flag
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#5488994 - 12/20/14 09:02 AM Re: economy and hunting [Re: 7mag]
Erathkid Offline
THF Celebrity

Registered: 01/19/11
Posts: 14616
Loc: Dollas,Taxes Bluff Dale Tx
Thank goodness we don't live in north Dakota. up texas
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