(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.
This video tells the story of four Latina lesbians who fought for exoneration after being wrongfully convicted of sexually assaulting two girls during the Satanic Panic witch-hunt era of the 1980s and 1990s.
H-E-B University Center, Bexar Room (HUC 1.102), Main Campus
Tejana/Indígena author Ire'ne Lara Ailva will read from her latest work and discuss her approach to reimagining Tejan@ myths.
Main Building (MB 2.404), Main Campus
Muralist Crystal Arias will discuss her current mural "Cultivate the Past to Prestige" at La India Herbs and themes she utilizes in her other works.
McKinney Humanities Building (MH 3.02.26), Main Campus
The UTSA Department of Modern Languages and Literatures is a co-sponsor of the CARTA 19th Annual Conference. The group meets annually to exchange educational programs, ideas, and techniques and to network with other teachers of Russian. Registration required.
DoubleTree by Hilton, Downtown San Antonio
Into the Woods is a musically sophisticated show with a leaning towards dark comedy. Dr. William McCrary directs. $15 tickets $10 students military seniors 55+ with IDs $8 groups of ten or more in any price level. There will be a second show Sunday, April 2 at 3 p.m.
Arts Building, Recital Hall (ARTS 2.03.02), Main Campus
UTSA faculty, staff and students are members of the Helotes Area Community Band and are proud to present a special Tapestry of Concert Band Classics. The event is free and open to the community.
John Marshall High School Auditorium, 8000 Lobo Lane, San Antonio
A record number of candidates are running for the San Antonio City Council's District 5 seat. Come hear what they have to say. Event hosted by the UTSA College of Public Policy and League of Women Voters, in partnership with PASO and Alpha Phi Sigma.
Buena Vista Street Building, Aula Canaria (BVB 1.328), Downtown Campus
The former EPA Chief Statistician and current ASA president, Dr. Barry Nussbaum will talk about how statistics can make a big difference in influencing decisions and actions. Example include the court cases and material presented to the US president.
John Peace Library, Assembly Room (JPL 4.04.22), 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.
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