The Eagle Ford Consortium is pleased to invite you to share in the collaboration to develop strategies that maximize the benefits of the Eagle Ford Shale Development, as well as develop actionable plans that meet the challenges head-on — with the ultimate goal of improving our communities for the long term. Join us, together we can make it happen.
Jobs Flow from Oil Patch By David S. Jones, Senior Editor Jan. 24, 2012/Release No. 16-0112 COLLEGE STATION, Tex. (Real Estate Center) – Texas added more than 41,000 “mining and logging” jobs during the year ending in December. Most of these were in the resurgent oil patch. “The average number of active rotary rigs increased from 719.8 in December 2010 to 873.4 in December 2011,” said Dr. Ali Anari, author of the Monthly Review of the Texas Economy published by the Real Estate Center at Texas A&M University.
Source: Real Estate Center TAMU
http://recenter.tamu.edu/news/pdf/NewsRel16-0112.pdf
There has been much said of the Eagle Ford formation in Texas. This area has seen some very good initial production numbers. In Bakken Update: Williston Basin Estimated Ultimate Recoveries And What They Tell Us, I used current EURs to show possible upside to different areas of the middle Bakken. This article will focus on the Eagle Ford, and its current EURs. These estimates can be used to not only compare resource recovery, but also show where the best acreage is.
There are some very large differences between the Bakken and Eagle Ford. First, the Bakken has greater….. See more at source below.
Source: http://seekingalpha.com/article/321011-how-eagle-ford-compares-to-the-bakken
COLLEGE STATION, Tex. (Real Estate Center) – Texas’ economic outlook for 2012 is positive. Job growth is occurring in several sectors, and a low cost of living is enticing businesses to move to the Lone Star State.
Source: http://recenter.tamu.edu/news/pdf/NewsRel11-0112.pdf
Dec. 6 (Bloomberg) — Producing natural gas from shale will support 870,000 U.S. jobs and add $118 billion to economic growth in the next four years, according to a report from IHS Global Insight.
Gas from shale, which accounts for 34 percent of U.S. output, also will contribute $57 billion in federal, state and local taxes by 2035, or $933 billion in the next 25 years, according to today’s IHS report, commissioned by America’s Natural Gas Alliance, a Washington-based industry group.
Source: http://news.businessweek.com/article.asp?documentKey=1376-LVR7JM6K50YI01-2MFIOVI66FSAM43JLCRSR5OHVH
Dec. 20 (Bloomberg) — While the Eagle Ford shale boom in Texas isn’t the first that Daryl Fowler has seen, the DeWitt County judge is working to ensure that his community will be left with new roads and housing when the oil and gas are gone.
Fowler, whose non-judicial post gives him administrative control over the county 70 miles (112 kilometers) southeast of San Antonio, has negotiated an $8,000-per-well fee from drilling companies to pay for roads. The county was able to reduce its property-tax rate by 18 percent this year while total assessed value jumped 27 percent as producers, including BHP Billiton Ltd., and Pioneer Natural Resources Co., sought permits to drill more than 340 wells.
SAN ANTONIO –
The latest list of jobs most in demand to fill from Alamo Workforce Solutions includes a new category this year.
The boom in the Eagle Ford Shale deposit has convinced the career building agency to now give energy it’s due.
But it’s not just petroleum engineers and roustabouts. The list of the most in demand jobs include truck drivers, business operation specialists, and plain old plumbers helpers, who alone could pull in an estimated $12 an hour.
Source: http://www.ksat.com/news/Hot-job-prospects-begin-with-Eagle-Ford/-/478452/7248688/-/82y77s/-/
The City of Laredo, the Laredo Development Foundation, and the Laredo Chamber of Commerce will be co-hosting the Eagle Ford Shale Job and Vendor Fair on Friday, January 13, 2012, from 9:00 a.m. – 4:00 p.m. at the Laredo Energy Arena, located at 6700 Arena Boulevard. The event is being organized in cooperation with U.S. Congressman Henry Cuellar, Texas House Representative Richard Raymond, the Eagle Ford Shale Consortium as well as its partners, Texas A&M International University, the Laredo Community College, Texas Workforce Commission, America’s Natural Gas Alliance, and Workforce Solutions for South Texas.
GEORGE WEST, TX (KTRK) — No matter where he is, it seems in every stump speech, Gov. Rick Perry always stresses the abundance of jobs in our state. No where in Texas is that more evident than along the Eagle Ford Shale in southwest Texas, where the jobs are flowing because of what lies beneath the earth.
Source: ABC Channel 13 Houston – http://abclocal.go.com/ktrk/video?id=8447234
Click here for the latest map of the entire Eagle Ford area:
http://www.rrc.state.tx.us/eagleford/images/EagleFordShalePlay201110-large.jpg