Southlake and Texas in general is more famous for their oil and oil drilling efforts then for any particular crop.
The impact of oil on Texas and Texans is often analyzed in terms of corporate development, personal and corporate wealth, and the overall economy of the state and politics. Oil also dramatically affected the lives of those who owned the land from which oil was produced, or who were directly involved in oil exploration, extraction and processing. The discoveries of oil fields led to the founding and flourishing of numerous Texas towns, to the establishment of companies that have become multinational conglomerates, and to the amassing of vast personal fortunes.
Conversely, the playing out of pumped-out oil fields led to the death of any number of those once-flourishing towns. Betting fortunes on what turned out to be dusters resulted in the bankruptcies of companies and individuals.
However, Texas oil has affected the lives of millions of Texans not directly involved in the oil business – Texans who receive neither a paycheck nor a royalty check based on petroleum. Oil has profoundly changed the culture of the state, and it continues to affect most Texans' lives in ways that may not be obvious to the casual observer.
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