Sinkhole hazards pose considerable challenges in the west-central region of Texas. This study integrates multisource datasets and innovative techniques to detect early sinkhole development and identify the processes governing their formation. The techniques employed encompass feature extraction, cluster analysis, and deformation process monitoring. Potential sinkholes were initially mapped using high-resolution elevation data, and a circularity index (CI) threshold value of 0.85 was applied to filter out depressions with noncircular shapes. Subsequently, Persistent Scatterer Interferometry (PSInSAR) followed by the Getis-Ord Gi* statistic methods were used to identify statistically significant subsidence clusters with rates of <−2 mm/yr, indicating active sinkhole formation. The findings reveal the following: (1) surface deformation analysis revealed significant subsidence hotspots, particularly in areas underlain by units containing significant sequences of evaporites, which nominally belong to the Clear Fork Group and the Blaine Formation, compared with those dominated by carbonates; (2) potential sinkholes are undergoing displacement up to a rate of −11.31 mm/yr, and (3) extreme groundwater pumping of karst aquifers and the subsequent decline in groundwater levels are found to be the leading causes of the susceptibility of the region to sinkhole hazards. In such cases, the decline of the water table deprives the overlying bedrock of buoyant support provided by the groundwater in the cavity. The bedrock will undergo sagging subsidence under the influence of gravity and eventually form a sinkhole. Extensive oil and gas activity in the study area, including extreme withdrawal rates and the injection of fluids associated with the activity, are other potential causes of the observed sinkhole susceptibility in several parts of the study area. This study underscores the importance of understanding the geologic, hydrologic, and anthropogenic factors driving sinkhole hazards for effective mitigation strategies to protect public safety, infrastructure, and the environment.