Known for it's agricultural business, Geneva County has a history in the oil business as well. Although, it wasn't exactly successful, but now another oil company is making a big time investment to find oil near Slocomb.
“This is not Slocombs first time of having hopes and dreams of becoming a major oil field in the state of Alabama,” said state senator Harri Anne Smith of the development.
“We think there is oil and gas under this county and we're here again to try to explore after 30 years,” said oil land man, Micheal Cies. “The oil boom is back”
Landowners in and around the county where potential oil sites have been located stand to gain substantially from lease payments if oil is found on their land, and they're excited about the prospects.
“It was really exciting to know that someone with the oil companies was interested in this area” So you remember when they came the last time “Yeah, 82' I remember when they came to drill the well in 82.”
The company, BHM industries based out of Bruton, stands to spend around one million dollars on the first two wells and if those wells are a success then the sky could be the limit.
“We can go back to textile and all of that that we've lost,“ said Slocomb Mayor Vickie Moore ”and to now imagine having all of that and more in the city is just outstanding. ”
“it's one small step for the oil industry and we'll see if these first two wells will produce and we'll go from there.” Said Cies.
Company representatives say they can't reveal the sites of the two wells due to competition, but how did they avoid competition in getting to Slocomb? They say it was new technology and Slocomb landowners hope that new technology will help them with new funds.