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.

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.

La formación geológica conocida como Eagle Ford Shale, es un yacimiento de hidrocarburos que tiene una profundidad de 4,000 a 14,000 pies. Sus actividades principales son la excavación y perforación, las cuales se llevan a cabo entre los 10,000 y 12,000 pies debajo de la superficie. Este descubrimiento es de gran importancia ya que dicha formación contiene gas natural y yacimientos de petróleo. Las proyecciones hechas en el primer estudio realizado en Febrero del 2011 fueron conservadoras ya que estas fueron basadas en la información limitada disponible en ese tiempo. Desde el año 2010, la producción de petróleo y gas ha superado por mucho las expectativas descritas en el primer informe debido al rápido desarrollo de la actividad industrial.

En efecto, las actividades realizadas en el Eagle Ford Shale se han expandido a un ritmo sin precedentes. El crecimiento de la producción del 2010 al 2011 ha sido también acompañado por aumentos igualmente significativos en distintas actividades como en la perforación de pozos y acabados, en la construcción de nuevas áreas residenciales y comerciales, en la construcción de tuberías y en otras numerosas actividades que se desarrollan paralelamente. Este informe sirve para proveer una visión general de todas las actividades relacionadas con el Eagle Ford Shale y su impacto económico.

Este estudio utilizará el año 2011 como el caso de referencia para obtener información sobre la producción, la perforación y otras actividades relacionadas que ayudarán a interpretar los rápidos cambios que están ocurriendo en esta región. El estudio también ha sido ajustado para concentrarse específicamente en los impactos causados en los 14 condados productores, los cuales son de mayor interés para el área de desarrollo del Eagle Ford Shale: Atacosa, Bee, DeWitt, Dimmit, Frio, Gonzales, Karnes, La Salle, Live Oak, Maverick, McMullen, Webb, Wilson y Zavala. Adicionalmente, el estudio incluye una última actividad económica que no depende de la explotación de algún recurso natural, es decir, la actividad no productiva. Este impacto económico fue evaluado en 6 condados periféricos: Bexar, Jim Wells, Nueces, San Patricio, Uvalde y Victoria.

The economic study of 14 counties in the Eagle Ford Shale area portrays a detailed image of the challenges and opportunities emerging from drilling and production activities in South Texas. In 2011, the companies operating in the region had significant impacts in the 14-county area and in the surrounding counties. These impacts translated into more than $19.2 billion 1 in output, 38,000 full-time jobs supported, close to $10.5 billion in gross regional product, $211.0 million in local governments’ revenues, and $312.0 million in state revenues. By the year 2021, the Eagle Ford Shale could produce close to $62.1 billion in output, support close to 82,600 full-time jobs, produce close to $34.0 billion in gross regional product, and add approximately $888 million in local governments’ revenues and $1.6 billion in state revenues.

It is important to note that the information included in this report represents a snapshot of activity for various points in time. The situation in the Eagle Ford is in constantly flux, and subject to change, literally on a daily basis.

The economic study of 14 counties in the Eagle Ford Shale area portrays a detailed image of the challenges and opportunities emerging from drilling and production activities in South Texas. In 2011, the companies operating in the region had significant impacts in the 14-county area and in the surrounding counties. These impacts translated into more than $19.2 billion 1 in output, 38,000 full-time jobs supported, close to $10.5 billion in gross regional product, $211.0 million in local governments’ revenues, and $312.0 million in state revenues. By the year 2021, the Eagle Ford Shale could produce close to $62.1 billion in output, support close to 82,600 full-time jobs, produce close to $34.0 billion in gross regional product, and add approximately $888 million in local governments’ revenues and $1.6 billion in state revenues.

It is important to note that the information included in this report represents a snapshot of activity for various points in time. The situation in the Eagle Ford is in constantly flux, and subject to change, literally on a daily basis.