Eagle Ford Shale generated $87+ billion in economic output for Texas in 2013
(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.
The Roadrunner community and nearby residents are highly encouraged to cast their votes at UTSA, a designated early voting site for the March 3 Texas presidential primary election.H-E-B Student Union, Bexar Room (HSU 1.102), Main Campus
If you’re interested in pursuing a career in health care, you won’t want to miss UTSA’s 14th annual Health Professions Day. Meet with representatives of health professions programs at schools such as Texas Tech University Health Science Center, University of Texas Medical Branch, University North Texas Health Science Center, University of the Incarnate Word, and many more. Free and open to UTSA students, local area college and high school students, and community members.Student Union, Retama Galleria (SU First Floor Corridor), Main Campus
An FBI subject matter expert will discuss the threat to U.S. technology and public sector from foreign adversaries, specific technologies sought and vectors used to illicitly obtain them, how to best safeguard intellectual property.Durango Building (DB 2.112A), Downtown Campus
Why just leap when you can dash? The Alumni Association’s 36th annual Diploma Dash 5K and City Championship is a great opportunity to run or walk for a great cause: scholarships for UTSA students.Main Campus
Students are encouraged to attend to obtain important information about Spring Commencement and life after UTSA. Graduating students can order their cap and gown and other items, win prizes and capture lasting memories with fellow Roadrunners at a selfie station. Participants should take a UTSA student ID for entry.H-E-B Student Union, Ballrooms (HSU 1.104/1.106), Main Campus
UTSA’s first Wellbeing Fair is a part of the President’s Initiative of Enriching Campus Wellbeing. UTSA is committed to the well-being of each member of the campus community and recognizes that numerous factors contribute to overall wellness: physical and mental health, diet and nutrition, physical activity, stress management and self-care, social behaviors and more. The fair will give students, faculty and staff an opportunity to participate in well-being activities, obtain well-being information and learn about available services. Participants will become more competent in making healthy decisions to take a more proactive approach in their own well-being.Paseo Principal, Student Union, Main Campus
Students are encouraged to attend to obtain important information about Spring Commencement and life after UTSA. Graduating students can order their cap and gown and other items, win prizes and capture lasting memories with fellow Roadrunners at a selfie station. Participants should take a UTSA student ID for entry.Durango Building, El Mercado Room (DB 1.208), Downtown Campus