Institute for Economic Development
Eagle Ford Shale Generated More Than $25 Billion in Revenue for South Texas in 2011
UTSA projects the shale to create 117,000 jobs by 2021
Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011, 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 (UTSA).
"The Eagle Ford Shale has proven to be one of the most important economic engines in the state," said Dr. Thomas Tunstall, director of the UTSA Center for Community & Business Research, and the study’s principal investigator. “In 2011 alone, the play generated over $25 billion in revenue, supported 47,000 full-time jobs in the area, and provided $257 million in local government revenue.”
study also concluded that in 2011 shale development:
- Paid $3.1 billion in salaries and benefits to workers;
- Provided more than $12.6 billion in gross regional product;
- Added more than $358 million in state revenues, including $120.4 million in severance taxes;
- And spurred a triple-digit sales tax revenue increase in various local counties.
“We view the Eagle Ford activity as an economic opportunity of a lifetime,” said Mario Hernandez, president of the San Antonio Economic Development Foundation. “The key goal is the increase in investment and jobs. And if the communities will partner with the private companies that are creating these jobs, it can be a win-win for everybody.”
The increased revenue from the Eagle Ford Shale is rebuilding local communities. New schools and new hospitals are being built, and new training programs have been launched to maximize hiring from the local workforce. The study projects the creation of approximately 117,000 full-time jobs by 2021.
“The residents and local leadership of South Texas have taken a proactive and collaborative approach to this new economic opportunity, which we hope demonstrates how communities can embrace, invest and manage this new influx of revenues to ensure long-term regional prosperity,” said Leodoro Martinez, executive director for the Middle Rio Grande Development Council and Chairman of the Eagle Ford Consortium.
“Through the Eagle Ford Consortium, Eagle Ford Task Force and other community-industry collaborations, Eagle Ford leaders and residents are working together to develop training programs, enhance local employment opportunities, and forge solutions to community issues that maximize the benefits and manage the effects from increased development activity.”
The Eagle Ford Shale is a 50 mile-wide by 400 mile-long formation that runs from the southern portion of Texas to the east. The formation produces natural gas, condensate, oil, and natural gas liquids, with margins more favorable than other shale plays. The study assessed the economic impact of the Eagle Ford Shale on the 14 counties currently producing oil and natural gas from the formation, as well as the six surrounding counties indirectly involved in its development.
Central America Delegation Visits the Downtown Campus
Government representatives from Central American countries were hosted by UTSA’s Institute of Economic Development and the International Trade Center, June 25-26, 2012. The objective of their visit was to receive additional training for the development of the Small Business Development Centers (SBDCs) in their countries.
The International Trade Center staff has been providing training to the governments of the visiting delegations’ countries (Belize, Guatemala, Honduras, Dominican Republic and Panama) as part of the Pathways to Prosperity in the Americas initiative.
“We are very excited to host this Central America delegation. The goal of training and collaborating with these governments is to give them the tools to help their small and medium businesses expand their trade capabilities and develop stronger commercial ties with the U.S. We are proud to be part of extending the SBDC Network throughout the Western Hemisphere as a trade facilitation infrastructure”, said Cliff Paredes, Director of the International Trade Center.
For more information about Pathways to Prosperity in the Americas initiative, visit http://www.state.gov/p/wha/rls/fs/2012/187784.htm . To read more about the International Trade Center SBDC expansion efforts, visit http://sbdcglobal.com/internationalsbdcs.html.
About the International Trade Center
The International Trade Center at UTSA is the largest and most successful trade assistance organization in the state of Texas. It helps companies become globally competitive through technical trade consulting, customized market research and innovative training programs. The center is a specialty program of the South-West Texas Border SBDC Network. Follow us on Twitter @TexasTrade.
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Ready to Lead
On March 31, 2012 the Congressional Hispanic Caucus Institute(CHCI) hosted the 2012 Ready to Lead summit at the UTSA Downtown campus. The CHCI partnered with the Office of P-20 initiatives to host the all day event. Over 100 high schoolers from around San Antonio attended the event. The Ready to Lead (R2L) program is geared at helping more Latino high school students enter post-secondary education by providing them with college-admission and financial-aid information, motivating them to complete high school, empowering them to serve and lead in their communities, and instilling a belief that a college education is achievable. The intensive, one-day program provided Latino high school students with the tools and training they need to prepare for college.
Edgewood ISD 5th Grade Transitions Program
During the month of January, 2012, the office of P-20 initiatives partnered with Edgewood ISD to co-host the Edgewood ISD 5th Grade Transitions Conference. All eight elementary school campuses attended the conference at the downtown campus which focused on “smooth transitions” from elementary to middle school. Several sessions were conducted that included developing good study habits, choosing the right elective, making great choices and the importance of higher education. A total of 600 fifth graders attended this event.
National Hispanic Institute – San Antonio Youth Leadership Conference
Throughout the 2011-2012 academic year, the Office of P-20 Initiatives partnered with the National Hispanic Institute to co-host its San Antonio Young Leaders Conference (SAYLC). High school students were invited as part of the SAYLC to participate in trainings held at the downtown campus in preparation for their Great Debate competition that will be held this summer. The Great Debate allows high school freshmen the opportunity to test and improve their written and verbal communication skills through organized discussions and debates about issues that impact today's Latino community. Through the Saturday sessions, students gained confidence in public speaking and an appreciation of communication as a powerful tool of leadership. Students also gained experience creating content-rich arguments, communicating them through powerful, eloquent expression, and carefully analyzing the arguments presented by their peers.
Read Across America Celebration
On Saturday, February 25, 2012 the Office of P-20 Initiatives sponsored the Annual Read Across America celebration. This event took place at the UTSA institute of Texan Cultures. Over 100 elementary school children from SAISD participated in a literacy awareness event. Kens-5 anchor Bill Taylor served at the guest reader. Students also toured the museum and were able to hear several stories related to the areas of the museum.
In an effort to promote the seamless transfer of Alamo College students into The University of Texas at San Antonio (UTSA), the Office of P-20 Initiatives has created a program in collaboration with the College of Engineering and Alamo Colleges. President Ricardo Romo and Chancellor Leslie of Alamo Colleges singed a Memorandum of Understanding to establish the Transfer Academy for Tomorrow’s Engineers (TATE). Students who complete the Academy’s requirements will be granted automatic admission to the UTSA College of Engineering. “The TATE Program addresses the shortage of engineer in our area and gives student a pathway to pursue a better career and successful life” says Bruce Leslie.
TRIO Research Symposium
On July 20, 2012 the UTSA TRIO Programs will host a Research Symposium at the University Center from 5:00pm – 8:30pm. During this event 300 Upward Bound, Upward Bound Math and Science, and Educational Talent Search high school students, in addition to 15 Ronald E. McNair UTSA scholars will have the opportunity to present their research. This research was conducted throughout the year under the mentorship of UTSA faculty (in the case of McNair scholars) and faculty from partnering high schools in Northside, Southside, Brackett, Crystal City, Eagle Pass and Uvalde.
The Program will consist of 85 poster presentations and 15 oral research presentations.
Destination Discovery Summer Camp
The Office of P-20 Initiatives held its Summer Science Camps will host 5 summer camps for elementary, middle and high school students. This include Destination Discovery Summer Camp program for fourth and fifth graders and EXPLORE for middle School students, along with the ITEC summer camp. The Destination Discovery Summer Science Camp is designed to build and enhance upon the current skills of students in the San Antonio area through a two-week summer camp. The camp offers interactive/hands-on learning and supervision is provided by an educational professional. All programming reinforces the importance of the STEM fields (Science, Technology, Engineering, and Mathematics).The Summer Science Camps are designed to build and enhance upon the current skills of San Antonio students through a two-week summer camp experience.
Summer Science Camps
The Office of P-20 Initiatives will host its annual Summer Science Camps this summer. This year there will be a total of five summer camps offered for elementary, middle and high school students. They include Destination Discovery Summer Camp program for 4th & 5th Grade and EXPLORE for Middle School students along with the iTEC summer camp which will be held at the UTSA main campus.
The summer camps will be held at the UTSA downtown campus June 11-22, July 9-20, & July 23- August 3rd. The camp registration fee is $100 for the elementary camp and $130 for the middle school camp.
The Summer Science Camps are designed to build and enhance upon the current skills of students in the greater San Antonio area through a two-week summer camp. The camp offers interactive/hands-on learning that is supervised by an educational professional. All programming will reinforce the importance of the STEM fields (Science, Technology, Engineering, and Mathematics).
During the spring semester, The Office of P-20 Initiatives convened a meeting with representatives from Northside ISD, San Antonio ISD and Harlandale ISD which signaled the official start of the UTSA Ready program after months of collaboration at the Downtown Campus. UTSA Ready is a collaborative effort among r educational systems: UTSA, Northside ISD, San Antonio ISD, and Harlandale ISD.This program is designed to provide a diagnostic assessment and additional academic preparation for high school students who want to attend UTSA but might not meet college readiness standards. This program, designed by the Office of P-20 Initiatives, utilizes diagnostic assessment instruments to help students identify deficiencies in math, reading and writing early, toward the goal of remediating those deficiencies while still in high school.
UTSA Ready will be fully implemented during the fall 2012 semester when the first cohort of high school students enters their senior year. The UTSA Tomas Rivera Center, the Mathematics Department, the Writing Center, and the Admissions Office are also involved in this program.