Word: oilfield
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...result, the regular clientele of 'Gilleyrats"-mostly oilfield roustabouts and construction workers-have been joined at the bars (all three of them) by hordes of tourists. The gawkers find the joint a lot seamier and steamier than its movie version. Says one reformed Gilleyrat of his old crowd: "If they don't get into at least one scrap, they think their weekend is wasted.' Houston, which had a dozen cactus cabarets in 1975, now has more than 300, few of which care to emulate Gilley's Dodge City style. The most successful, Fool's Gold...
...severe is the oilfield damage...
...with oilfield workers: "Life isn't as quiet as it used to be. Or as nice either...
...that a resident who offered to lease his chicken coop for $85 a month promptly found a tenant. The town's 2,500 trailer spaces are filled, and the waiting list runs into the hundreds. Doug Melton, 26, moved from California several months ago and works as an oilfield laborer, but he and his brother David live in a tepee seven miles out of town. Says Melton: "No way am I going to lay out $ 1,000 a month for a motel room...
Walter G. Hibbs, 42, whose oilfield tool companies in Houston earn him more han $100,000 a year, protects part of his ncome through a second business venture that leases air compressors to oil-well operators. The oilfield equipment benefits from complex tax credit carry-forwards and depreciation, thus accumulating losses that are used to offset his leasing-company profits. Says Hibbs proudly: 'We've never paid a dime in taxes on those profits...