The next Eagle Ford

03/03/2014
The Eagle Ford shale is one of the largest oil fields in the US and quite possibly the largest single economic development in the history of Texas. With expenditures of $28 billion estimated in 2013, it also ranks as the top destination for energy companies to invest their capital. The rapid increase in Eagle Ford oil production is paying huge dividends to the regional economy. According to a study conducted by the University of Texas at San Antonio, the Eagle Ford shale had a $61 billion impact in 2012 and supported 116,000 jobs in 20 counties in South Texas. In 2022, the play is expected to generate $89 billion and 127,000 jobs for the region. The tremendous success of the Eagle Ford pl...
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