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Institute for Economic Development

 

Economic Impact of the Eagle Ford Shale

On-going research at UTSA’s Institute for Economic Development served as the preeminent resource to state and local officials in forecasting the evolving economic impact of the Eagle Ford Shale. The Eagle Ford Shale is a 50 mile-wide by 400 mile-long formation that runs from South Texas to the east. The formation produces natural gas, condensate, oil, and natural gas liquids, with margins more favorable than other shale clays.

In its most recent study, the Institute for Economic Development, forecasted that development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact across a 20-county region in Central and South Texas during 2012. Additionally, it supported 116,000 jobs. In 2011, the Institute of Economic Development reported the region generated $25 billion in economic impact and supported 117,000 jobs. The latest study projects the region will support 127,000 jobs and produce an economic impact of $89 billion for Texas in 2022. April’s study is the fifth study examining the Eagle Ford Shale over the past year alone, making UTSA the leading source of information about the growth and impact of the South Texas region.