UTSA providing integral research on growing impact of Eagle Ford Shale
Refinery photo courtesy of City of Corpus Christi
>> Read the full Eagle Ford Shale study.
Refinery photo courtesy of City of Corpus Christi
>> Read the full Eagle Ford Shale study.
Share this Story(March 26, 2013) -- 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.
This month's study is the fifth examining the Eagle Ford Shale over the past year alone, making UTSA the leading source of information about the growth and impact of the South Texas region.
>> Read the full study of the Eagle Ford Shale economic impact.
"The research conducted at UTSA provides us with valuable information, findings and recommendations related to the Eagle Ford Shale and its impact on Texas' economy," said Senator Judith Zaffirini, D-Laredo. "This research is a wonderful resource not only for state policymakers and business leaders, but also for all stakeholders who are working to create sustainable communities throughout the shale region. Equally important, it underscores the critical role of the higher education community in public service and economic development."
The UTSA Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. Its 12 centers and programs provide professional business advising, technical training, research and strategic planning for entrepreneurs, business owners and community leaders. Programs serve San Antonio and the Texas-Mexico border area as well as regional, national and international stakeholders. Together with federal, state and local governments, and private businesses, the IED fosters economic and community development in support of UTSA's community engagement mission.
"One of the key indicators of a Tier One university is its contribution to society," said UTSA President Ricardo Romo. "The Institute for Economic Development has taken a leading role in assessing the impact of the Eagle Ford Shale. Its work is another example of UTSA's commitment to become a top-tier research institution."
In October 2012, the institute published Eagle Ford Shale Impact for Counties with Active Drilling and its Workforce Analysis for the Eagle Ford Shale. The pair of studies examined economic indicators resulting from the Eagle Ford oil and gas play.
In July 2012, the institute released its Strategic Housing Analysis in partnership with the UTSA College of Architecture and UTSA Center for Urban and Regional Planning Research. The study addressed the region's need for affordable housing to create sustainable communities in South Texas. It also advised communities to create permanent housing, mixed-use housing, and temporary, mobile and rental units.
"It is our hope that this research helps state and local officials make informed decisions as the economic growth of this region continues to expand," said Bob McKinley, UTSA associate vice president for economic development.
For more information, visit the UTSA Center for Community and Business Research website.
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About UTSA
The University of Texas at San Antonio is one of the largest of nine academic universities and six health institutions in the UT System. As a multicultural institution of access and excellence, UTSA aims to be a national research university providing access to educational excellence and preparing citizen leaders for the global environment.
UTSA serves nearly 31,000 students in more than 135 degree programs in the colleges of Architecture, Business, Education and Human Development, Engineering, Liberal and Fine Arts, Public Policy, Sciences and the Honors College, University College and Graduate School. Founded in 1969, UTSA is an intellectual and creative resource center and a socioeconomic development catalyst for Texas and beyond.
Events
All UTSA students, faculty, staff, alumni, and families are invited to march with the UTSA delegation in San Antonio's 38th annual Martin Luther King, Jr. March. Free transportation will be provided from the Main and Downtown Campuses.
Dr. Martin Luther King, Jr. Academy, 3501 Martin Luther King, Jr., San Antonio, TXWarm up with a hot cup of coffee or a hot chocolate with Wellbeing Services to kick off the start of the Spring Semester! The Wellbeing team will be in the Window Lounge to welcome you to the first day of classes and highlight our events and programs for the semester.
Dreamers Resource Lounge, Main CampusJoin us for Coffee with Vets, a casual social event where veterans can come together, connect, and share camaraderie over a cup of coffee. This is a perfect opportunity to unwind, meet fellow veterans, and build community in a welcoming and relaxed environment.
Veteran Lounge (JPL 4.03.04,) John Peace Library, Main CampusStop by to ask questions or learn about how you can become involved in Wellbeing Services events and programs.
Window Lounge (SU1.02.00C,) Student Union, Main CampusArt of Wellbeing is a weekly workshop provided by Wellbeing Services! Join us as we use different art mediums each week as a way to improve our overall wellbeing!
Magnolia Room (SU2.01.30,) Student Union, Main Campus
