Economic Base

Hansford County, Texas

Currently there are three factors which stimulate the majority of the Spearman economy. While all of these demonstrate volatility due to the swings in commodity pricing, the combination of the three has proven to provide a successful economic base

Oil and Gas Production

573 Active gas wells
Average annual production
27,445,042 MCF gas
37,016 BBL condensate

98 active oil wells
Average annual production
352,993 BBL oil
1,325,068 MCF Casinghead gas

Cattle Industry

7 feedlots with 194,500 head feeding capacity
Average annual number of cattle fed = 343,624

2,500 cows
125,000 stocker cattle

Agriculture

156,280 acres wheat - average yield, 40 bushels per acre
43,767 acres corn - average yield, 180 bushels per acre
27,060 acres sorghum - average yield, 7,000 pounds per acre

Telecommunications

The recent emphasis of the addition of "high-tech", small business to our community is a welcome addition or blend to the local economy

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