Nav: Home

UTSA Center for Community and Business Research releases Eagle Ford Shale study

June 21, 2017

SAN ANTONIO, (June 21, 2017) - Commissioned by the South Texas Energy and Economic Roundtable (STEER), The University of Texas at San Antonio's (UTSA) Center for Community and Business Research (CCBR) completed the latest Eagle Ford Shale (EFS) study in June. The study titled, "Economic Impact of the Eagle Ford Shale, Business Opportunities and the New Normal" provides new trend data and updated economic impact analysis across 2014, 2015 and, 2016.

Dr. Thomas Tunstall, senior research director for CCBR, which is hosted at UTSA's Institute for Economic Development, led the study with his team of researchers. "Our report indicates that the decrease in economic impact bottomed out in 2016 and appears to have turned the corner. Oil prices in 2017 are higher and rig counts have risen from their lows last year," Tunstall said.

After several years of unprecedented growth, the Eagle Ford Shale experienced a sharp decline in oil prices. The decline may have negatively impacted businesses and jobs in the area, however the current scenario offers more job opportunities in the region when compared to past decades of declining population and jobs in several counties in the shale area.

Gross output from Eagle Ford activity across the 21 county area jumped from $87 billion in 2013 to $123 billion in 2014. In the years since the peak occurred in 2014, gross output from Eagle Ford activity fell to $80 billion in 2015, and again in 2016 to $50 billion. And, while jobs supported by the Eagle Ford also peaked in 2014 at 191,153, up from 154,984 in 2013, by 2016, the number of jobs supported had fallen to 108,213.

"Although we experienced a decrease in jobs and economic impact in 2015 and 2016, we continue to see that the oil and gas industry is essential to the livelihood of South Texas. With more than 100,000 jobs and $55 billion in economic output last year, the results of the UTSA study further illustrates the importance of the oil and gas industry to South Texans. The industry in South Texas brought much needed infrastructure along with a sustainable source of income to the area. Sustained growth will further benefit the region through an increased tax base along with increased job and educational opportunities," said Omar Garcia, president and CEO of STEER.

Since August 2014, the West Texas Intermediate (WTI) oil price dropped from more than $100 per barrel to $43.4 by March 2015, and by February 2016 it was close to $26.2 per barrel. Since then however, the price has recovered and by January 2017 it had reached $53.0 per barrel, signaling important opportunities for future growth as the price more than doubled in less than one year.

Additionally, a variety of industry sectors have also grown in the Eagle Ford area; many, but not all, are directly or indirectly associated with oil and gas activity. In 2015, U.S. natural gas exports to Mexico topped one trillion cubic feet annually - a new record. And, in 2016, U.S. natural gas production reached an annual record of 28 trillion cubic feet.

The Study provides analysis for the 21-county study area as a whole, both the Eagle Ford Shale 15-county core area as a whole (Atascosa, Bee, DeWitt, Dimmit, Frio, Gonzales, Karnes, La Salle, Lavaca, Live Oak, McMullen, Maverick, Webb, Wilson, and Zavala) and the six adjacent counties as a whole (Bexar, Jim Wells, Nueces, San Patricio, Victoria, and Uvalde). The second phase of the Study includes breakouts for all 21 counties individually and compares inter- industry relationships from 2010-2015. The comparison of different multipliers demonstrates how employment and production have been affected in the area.

UTSA and STEER representatives plan on traveling to Eagle Ford cities in late June to discuss the results of the 2017 Eagle Ford Shale Economic Impact Study with community leaders and the general public. The tour follows the Eagle Ford Consortium Inc.'s (EFCI) annual conference, which focused on the ongoing activity of the Eagle Ford and was hosted at UTSA's downtown campus from June 7-8.

"The Eagle Ford Shale play became a boon to the South Texas economy, and provided an opportunity to boost local infrastructure. Our region is well positioned for a successful future as local area production picks back up. South Texas has become an export leader in the energy products realm. We are committed to continued sustainable growth," said John LaRue, Port Corpus Christi executive director.
Access the Full Study: "Economic Impact of the Eagle Ford Shale, Business Opportunities and the New Normal" at

Center for Community and Business Research: Institute for Economic Development:

For more information, contact

Jennilee Garza, Senior Communications Coordinator Institute for Economic Development
Phone: 210-458-2958

University of Texas at San Antonio

Related Natural Gas Articles:

Gold-plated crystals set new standard for natural gas detectors
Materials scientists and engineers have developed a sensor that is fast, sensitive and efficient enough to detect specific wavelengths of electromagnetic energy while on the move.
Rice U. refines filters for greener natural gas
Rice University scientists map out the best materials for either carbon dioxide capture or balancing carbon capture with methane selectivity.
Unconventional: The Development of Natural Gas from the Marcellus Shale
Shale gas has changed thinking about fossil energy supplies worldwide, but the development of these resources has been controversial.
Campus natural gas power plants pose no radon risks
When Penn State decided to convert its two power plants from their historic use of coal as a source of energy to natural gas, there was concern about radon emissions.
Russian researchers developed high-pressure natural gas operating turbine-generator
Scientists of Peter the Great St. Petersburg Polytechnic University (SPbPU) developed turbo expander electric generator operating on high-pressure natural gas.
New Marcellus development boom will triple greenhouse gas emissions from PA's natural gas
Natural gas production on Pennsylvania's vast black shale deposit known as the Marcellus Shale will nearly double by 2030 to meet growing demand, tripling Pennsylvania's greenhouse gas emissions from the natural gas sector relative to 2012 levels, according to a report published today by Delaware Riverkeeper Network.
Researcher studies increased predation of sagebrush songbirds in natural gas fields
While such development has encroached on and hindered nesting habitat for three types of sagebrush-obligate birds, predation of these birds has increased because rodent populations in the vicinity of oil and gas wells have increased.
UChicago startup turns renewable energy into natural gas
One of the biggest challenges to wider adoption of wind and solar power is how to store the excess energy they often produce.
New study to characterize methane emissions from natural gas compressor stations
Colorado State University, home to some of the world's top researchers on methane emissions, will lead a Department of Energy-supported project to analyze emissions from a specific part of the natural gas supply chain: compressor stations.
Natural gas hydrate in the foraminifera
Highly saturated natural gas hydrates have been discovered in the fine-grained sediments of Shenhu area, South China Sea.

Related Natural Gas Reading:

Best Science Podcasts 2019

We have hand picked the best science podcasts for 2019. Sit back and enjoy new science podcasts updated daily from your favorite science news services and scientists.
Now Playing: TED Radio Hour

Digital Manipulation
Technology has reshaped our lives in amazing ways. But at what cost? This hour, TED speakers reveal how what we see, read, believe — even how we vote — can be manipulated by the technology we use. Guests include journalist Carole Cadwalladr, consumer advocate Finn Myrstad, writer and marketing professor Scott Galloway, behavioral designer Nir Eyal, and computer graphics researcher Doug Roble.
Now Playing: Science for the People

#529 Do You Really Want to Find Out Who's Your Daddy?
At least some of you by now have probably spit into a tube and mailed it off to find out who your closest relatives are, where you might be from, and what terrible diseases might await you. But what exactly did you find out? And what did you give away? In this live panel at Awesome Con we bring in science writer Tina Saey to talk about all her DNA testing, and bioethicist Debra Mathews, to determine whether Tina should have done it at all. Related links: What FamilyTreeDNA sharing genetic data with police means for you Crime solvers embraced...