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Eagle Ford Shale

“The potentially biggest economic boom in the history of Texas” stated by David Porter Texas Railroad Commissioner. Stretching across 400 miles of South Texas into Mexico, at over 50 miles wide, the Eagle Ford Shale represents the largest oil and gas find in the United States in the last 50 years. New advances in horizontal drilling and hydraulic fracking now allow the oil and gas below to be easily extracted, and experts estimate that the Eagle Ford Shale will yield billions of barrels of recoverable oil and trillions of cubic feet of natural gas.  In 2012 alone, the Eagle Ford Shale generated  more than $61 billion in total economic impact across a 20-county region in Central and South Texas.Additionally, it supported 116,000 jobs. In 2011, UTSA reported the region generated $25 billion in economic impact and supported 117,000 jobs.  From 2010- 2011, natural gas production more than doubled ( 272 billion cubic feet), and oil production increased more than six times( 28 Million barrels).

Due to the extremely rapid growth experienced in recent years, the entire region’s infrastructure is grossly under built. Demand far outweighs supply for housing and commercial buildings, alike. Hotels, motels, and RV parks are booked for miles in every direction of the Shale.. No longer are these quiet sleepy towns. but are now over run with tons of truck traffic, workers and contractor yards popping up everywhere. Lines of trucks and cars at gas stations and restaurants. Traffic jams are also now a part of life in this region. With the commodities being oil and gas, it’s our modern day gold rush .According to the oil and gas companies in the area this is a sustainable play and due to the abundance of both oil and gas, they are sinking billions into this shale and believe that this is going to be around for the next 30-50 years.

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