Eagle Ford Shale Play Projected to have $89B Impact on Texas
UTSA released a new study today which was the big news on my Twitter feed today. Some pretty striking numbers from the report:
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.
— San Antonio EDF (@SanAntonioEDF) March 28, 2013
#EagleFordShale 2012 impact of $46B and 86,000 jobs over 14 counties. Bexar county $5B and 20,000 jobs.
— James Henderson (@TxTradeReport) March 28, 2013