(Sept. 23, 2014) -- The production of oil and natural gas in the Eagle Ford Shale generated more than $87 billion in total economic output for the state last year, according to a study released today by The University of Texas at San Antonio (UTSA) Institute for Economic Development. UTSA researchers also concluded that shale activity supported almost 155,000 full-time equivalent jobs and provided more than $4.4 billion to local and state governments in 2013.
UTSA projects that by 2023 the region will support more than 196,000 jobs and generate more than $137 billion for Texas. These new numbers exceed what was projected in previous studies due to the attraction of new manufacturing projects associated with natural gas and additional processing, refining and port facilities. The economic output of the region is forecast to continue solid growth long-term, considering current trends of stable energy prices and industry innovation.
The study, UTSA's fourth, examined the economic impact of the Eagle Ford Shale on the 21 counties directly and indirectly involved in production. The 15 core counties where activity is most prevalent are Atascosa, Bee, DeWitt, Dimmit, Frio, Gonzales, Karnes, La Salle, Lavaca, Live Oak, Maverick, McMullen, Webb, Wilson and Zavala. The six neighboring counties where significant activity not including extraction is occurring are Bexar, Jim Wells, Nueces, San Patricio, Uvalde and Victoria.
To date, oil and condensate production in the Eagle Ford Shale has grown from 581 barrels per day in 2008 to more than 1.5 million barrels per day as of August 2014, continuing to exceed expectations and attracting more capital investments than any shale field in the United States. That economic growth is making community sustainability a more achievable goal.
"The immense economic development is providing the wherewithal to address needs that are important to both industry and communities," said Robert McKinley, UTSA associate vice president for economic development. "Investments in infrastructure -- roads, water, wastewater, education, medical facilities and other things -- are the key foundational components needed to ensure the long-term viability of many rural communities in the region."
"The ongoing activity presents South Texas community leaders with a rare opportunity to ensure the long-term viability of their cities, towns and counties," said Thomas Tunstall, research director of the UTSA Institute for 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 to entrepreneurs, business owners and community leaders.
The Eagle Ford Shale Community Development Program at the UTSA Institute for Economic Development is working with communities to promote sustainable economic progress through an innovative and strategic approach. Likewise, it maintains a network of 10 field centers and two specialty centers to provide advising services and business training. The Small Business Development Center network stretches across South Texas and includes all of the counties impacted by the Eagle Ford Shale, as well as many in West Texas.
"With the enormous growth in our energy sectors, in particular the Eagle Ford Shale play, comes a multitude of challenging opportunities," said state Senator Carlos Uresti. "State policy makers, business leaders and other stakeholders rely on the best research available from our higher education community, such as UTSA, in order to tackle these challenges and ensure our state takes full advantage of this vital opportunity."
UTSA is conducting additional projects to support stakeholders in the Eagle Ford region. Notably, the Center for Urban and Regional Planning in the UTSA College of Architecture, Construction and Planning regularly consults with communities across South Texas on planning, design, environmental, housing and development issues. Likewise, the UTSA College of Public Policy and Institute for Economic Development are collaborating to develop and strengthen municipal governments in the Eagle Ford Shale and West Texas regions.
To date, the UTSA Institute for Economic Development has published Economic Impact of Oil and Gas Activities in the West Texas Energy Consortium Region (December 2013), Economic Impact of the Eagle Ford Shale (March 2013), Eagle Ford Shale Economic Impact and Workforce Analysis (October 2012) and other studies.
Organizations participating in the golf cart parade will be creatively decorating their carts in the 2017 UTSA Homecoming theme "Spirit, Tradition, and Pride".
University Center Lawn, Main Campus
As he wrote about in his book, Kill It To Save It: An Autopsy of Capitalism's Triumph Over Democracy, Corey Dolgon will speak about what made Donald Trump the preferred choice for many voters and shows how policy is crafted, marketed and sold or rejected.
Buena Vista Street Building, Aula Canaria Lecture Hall (BVB 1.328), Downtown Campus
The UTSA African American Studies Program is proud to present Dr. Rupert Evans, a Harvard Macy Scholar and the immediate past President of the Institute for Diversity in Health Management.
Main Building (MB 0.208), Main Campus
President Taylor Eighmy is inviting all UTSA faculty and staff to "Tacos With Taylor." Take the opportunity to introduce yourself to the President at any one of these casual meet and greets.
Frio Street Building, Food Court Commons Area, Downtown Campus
Celebrate 40 years of BestFest, an annual event hosted by Roadrunner Productions as a part of UTSA Homecoming festivities. The event will feature a carnival, food and drink booths, a golf cart parade, firework and live music from Anthem.
Brackenridge Lot 1, Main Campus
Celebrate homecoming as the Roadrunners take on Rice. Come early for the Spirit Walk, tailgating, games, music and food. Stick around for a halftime show with SOSA and the crowning of Mr. and Ms. UTSA.
Alamodome, 100 Montana St., Downtown San Antonio
The Leadership Storytelling Homecoming Brunch brings together UTSA alumni and students to share a delicious meal as well as a roundtable conversation about how experiences in college carry us forward on unique leadership journeys.
University Center, Denman Room (UC 2.01.28), Main Campus
The conference is dedicated to sharing recent knowledge and experiences gained in the area of Big Data by researchers in academia, industry and the government sectors within the areas of business, national security, infrastructure, healthcare and visualization. The conference fee is $45 and includes breakfast, lunch & parking. Free for students and non-academic government employees. Register here: https://www.regonline.com/UTSAdataconference2017.
H-E-B University Center Ballroom (HUC 1.104), Main Campus
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