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Tag Archives: Texas

New report tallies Eagle Ford impact at $87 billion

Zachary Toliver | Shale Plays Media The economic study from the University of Texas at San Antonio (UTSA) detailing the financial impact of the Eagle Ford shale was released today, and as expected, the numbers are staggering. According to the study, oil and natural gas production from the Eagle Ford generated roughly $87 billion in economic output for Texas along ...

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RRC’s Craddick talks about ‘sustained economic growth,’ not ‘boom’

Joe Basco | Midland Reporter-Telegram (Midland, Texas) AUSTIN — Wall Street Journal’s Senior Energy Reporter Russell Gold tasked Texas Railroad Commission Chairwoman Christi Craddick and the other panelists of the Texas Tribune Festival’s “Deconstructing the Boom” discussion on Saturday with explaining how “not to mess it up” this time, “it” being the oil boom. Craddick did not want to call it ...

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Midland ranked 12th fastest growing city in US

Midland skyline

Rye Druzin | Midland Reporter-Telegram (Midland, Texas) A new report from NerdWallet.com has ranked Midland as the 12th fastest-growing city in the country. The NerdWallet study of the 506 biggest cities in the country showed that between 2009 and 2013 Midland’s working-age population grew by 10.4 percent while average earnings increased by more than 22 percent. The Tall City outperformed statewide ...

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Midland labor force falls below 100,000

Mella McEwen | Midland Reporter-Telegram (Midland, Texas) A month after Midland’s labor force climbed past the 100,000 mark, Texas Workforce Commission figures show it has fallen back, dropping to 98,842 in August. The number of employed Midlanders also fell in August, the commission said Friday, but so did the number of unemployed Midlanders. That sent Midland’s unemployment rate dipping to 2.8 ...

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Anticipation is building for Eagle Ford economic report


Zachary Toliver | Shale Plays Media Next Tuesday, the University of Texas at San Antonio (UTSA) will release its latest Eagle Ford Shale economic report. Jennifer Hiller of the San Antonio Express-news reports that the U.S. Energy Information Administration expects the Eagle Ford formation to reach 1.5 million barrel of light crude and condensate per day this month.  In addition, ...

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Texas Tech researchers foresee boom for ‘years to come’


Corey Paul | Odessa American  The two main authors of a recent Texas Tech study about the economic impacts of the local oil and gas industry told the Permian Basin Petroleum Association their findings suggest a sustained boom. “The boom and bust is getting smaller,” said Brad Ewing, professor of energy economics in the Rawls College of Business, a co-author ...

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Report: Technology beings stability to Midland economy


Mella McEwen | Midland Reporter-Telegram Technology has radically transformed the Permian Basin oil industry, and that transformation has found its way into the economics of both the industry and the region. Earlier this month, Texas Tech University released its study “Economic Impact of the Permian Basin’s Oil and Gas Industry” that revealed some eye-popping numbers. The industry is responsible for creating ...

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EDITORIAL: Prop. 1 important for Texas highways

San Antonio Express-News SAN ANTONIO — Supporters of Proposition 1 are quick to acknowledge it does not fully address Texas’ transportation needs. But it is a critical step in the right direction, and voters should approve it. Proposition 1 would take half the state’s oil and gas production tax revenue that is directed to the state’s rainy day fund and ...

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Oil firms lectured on caring for Eagle Ford

Jennifer Hiller | San Antonio Express-News SAN ANTONIO — The Eagle Ford Shale zoomed from basically nothing — a rock that companies drilled through on the way somewhere else — in 2008 to around 1.5 million barrels of liquid production per day now. But Marathon Oil Corp. President and CEO Lee Tillman said Tuesday that the industry now needs to address ...

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