(March 26, 2013) -- Ongoing research at The University of Texas at San Antonio Institute for Economic Development is serving 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 plays.
In its most recent study, released this week, UTSA 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, UTSA reported the region generated $25 billion in economic impact and supported 117,000 jobs. The study projects that the region will support 127,000 jobs and produce an economic impact of $89 billion for Texas in 2022.
This month's study is the fifth 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.
"The research conducted at UTSA provides us with valuable information, findings and recommendations related to the Eagle Ford Shale and its impact on Texas' economy," said Senator Judith Zaffirini, D-Laredo. "This research is a wonderful resource not only for state policymakers and business leaders, but also for all stakeholders who are working to create sustainable communities throughout the shale region. Equally important, it underscores the critical role of the higher education community in public service and economic development."
The UTSA Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. Its 12 centers and programs provide professional business advising, technical training, research and strategic planning for entrepreneurs, business owners and community leaders. Programs serve San Antonio and the Texas-Mexico border area as well as regional, national and international stakeholders. Together with federal, state and local governments, and private businesses, the IED fosters economic and community development in support of UTSA's community engagement mission.
"One of the key indicators of a Tier One university is its contribution to society," said UTSA President Ricardo Romo. "The Institute for Economic Development has taken a leading role in assessing the impact of the Eagle Ford Shale. Its work is another example of UTSA's commitment to become a top-tier research institution."
In October 2012, the institute published Eagle Ford Shale Impact for Counties with Active Drilling and its Workforce Analysis for the Eagle Ford Shale. The pair of studies examined economic indicators resulting from the Eagle Ford oil and gas play.
In July 2012, the institute released its Strategic Housing Analysis in partnership with the UTSA College of Architecture and UTSA Center for Urban and Regional Planning Research. The study addressed the region's need for affordable housing to create sustainable communities in South Texas. It also advised communities to create permanent housing, mixed-use housing, and temporary, mobile and rental units.
"It is our hope that this research helps state and local officials make informed decisions as the economic growth of this region continues to expand," said Bob McKinley, UTSA associate vice president for economic development.
For more information, visit the UTSA Center for Community and Business Research website.
The University of Texas at San Antonio is one of the largest of nine academic universities and six health institutions in the UT System. As a multicultural institution of access and excellence, UTSA aims to be a national research university providing access to educational excellence and preparing citizen leaders for the global environment.
UTSA serves nearly 31,000 students in more than 135 degree programs in the colleges of Architecture, Business, Education and Human Development, Engineering, Liberal and Fine Arts, Public Policy, Sciences and the Honors College, University College and Graduate School. Founded in 1969, UTSA is an intellectual and creative resource center and a socioeconomic development catalyst for Texas and beyond.
The UTSA community is encouraged to donate blood and save a life. Donors will also receive a free t-shirt.
H-E-B University Center parking lot, Main Campus
Dr. Stephanie Westney (violin) presents a concert of Mozart compositions as performed by herself and other talented musicians from the university and surrounding area. This concert is free and open to the public.
Arts Building, Recital Hall (ARTS 2.03.02), Main Campus
The Student Center for Community Engagement and Inclusion annually hosts a Volunteer Opportunities Fair to allow students, faculty and staff to learn about volunteer and service-learning opportunities in the San Antonio area.
University Center, 1st floor corridor, Main Campus
The University of Texas at San Antonio, the San Antonio Express-News and KLRN-9 will host a town hall meeting to explore policy related to sanctuary cities. The event, Sanctuary Cities: State rules versus Local Control, is free and open to the public.
Buena Vista Street Building Theater (BVB 1.326), Downtown Campus
Join the conversation about the experiences of military-connected families in transition. Free parking in the Cattleman Square (along Buena Vista Street). The event is free and open to the public.
Frio Street Building, Riklin Auditorium (FS 1.406), Downtown Campus
School district superintendents and other district leaders responsible for bilingual and ESL programs' administration and accountability learn about cultural literacy, language, and diversity in the community.
Recruiters from across the STEM fields will be present with full-time, part-time and/or internship opportunities. Dress professional and bring plenty of resumes.
Convocation Center, Main Campus
Recruiters from across all fields looking to hire students with all different majors will be present at this event looking to hire for their full-time and/or internship opportunities. Professional dress is required. Bring plenty of resumes.
Convocation Center, Main Campus
The Civic Engagement Summit is an opportunity to celebrate and showcase UTSA's commitment to civic engagement through a myriad of efforts by students, faculty and staff, highlighting the significant ways the university impacts the local community.
H-E-B University Center Ballroom, (HUC 1.104), Main Campus
The Department of Demography presents Dr. Rodolfo Cruz Peñeiro of El Colegio de la Frontera Norte. His presentation is titled "Changes in the Migratory Dynamics of the Northern Mexican Border." This event is free and open to the public.
Monterrey Building, (MNT 3.240), Downtown Campus
Grab your friends, family, kids and dog for this annual fun run on the UTSA Main Campus benefititng the UTSA Alumni Association.
Convocation Center, Main Campus
Join the Department of Interdisciplinary Learning and Teaching for the 13th annual Storytelling Festival. The festival will feature keynote speaker Carolina Quiroga-Stultz, a Colombian Storyteller and journalist. This event is free and open to the public.
Main Building, ground floor, Main Campus
The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.
To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.