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Here’s an interesting article:
EAGLE FORD’S $25 BILLION IMPACT
SAN ANTONIO (Corpus Christi Caller-Times) – Activity in the Eagle Ford Shale had a $25 billion impact on South Texas in 2011.
A study from the University of Texas at San Antonio (UTSA) found that drilling and related activity paid $3.1 billion in salaries and benefits, supported 47,000 full-time jobs, and provided $12.6 billion in gross regional product.
Oil production increased sixfold from 2010 to 2011, while natural gas production doubled during that period.
The UTSA study examined a 20-county area, including the 14 counties representing the 50-mile-wide, 400-mile-long formation. The study is the first to measure economic impact outside the drilling area.
Thomas Tunstall, director of UTSA’s business research center and the study’s principal investigator, said the boom could help improve infrastructure in these South Texas communities, eventually attracting new residents, visitors and industry.
For more about the Eagle Ford Shale, read Dr. Harold Hunt’s article, “Shale of the Century,” in the April 2012 issue of Tierra Grande.
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