ECONOMIC IMPACT OF THE EAGLE FORD SHALE
In less than three years of development, the Eagle Ford Shale already accounts for over six percent of the Gross Regional Product for the 24-county South Texas area it encompasses, according to a study released today by the Center for Community and Business Research at the University of Texas at San Antonio Institute for Economic Development.
“The Eagle Ford Shale may be one of the largest onshore natural gas and oil discoveries in the past half century,” saidDominique Halaby, the center’s director. “In 2010 alone, this newest of the Texas shale plays generated close to $2.9 billionin revenue, supported approximately 12,600 full-time jobs in the area, and provided nearly $47.6 million in local government revenue.”
Source: University of Texas at San Antonio Institute for Economic Development- http://ccbr.iedtexas.org/Newsflash/economic-impact-of-the-eagle-ford-shale.html