Your well water comes from a shrinking aquifer

Under the flat farmland here is a bed of sand and gravel soaked with water. That's the Ogallala, the same aquifer that feeds wells and irrigation pivots across the Texas High Plains. Nearly every rural house and farm out this way draws from it. The pumps pull it up faster than the rain puts it back, and over the decades the water table has dropped, in some places a lot. That's not a forecast; it's already happened, and it shapes what a piece of ground out here is really worth.

Groundwater use in Floyd County answers to the High Plains Underground Water Conservation District No. 1. Drill a new well or plan to pull serious volume, and you may need a permit from them, so make that call before the rig shows up rather than after. If you want to see how far the aquifer reaches under your land and how fast it's falling close by, the Texas Water Development Board keeps the maps and the water-level readings going back years.