This Morning in San Antonio

150 attendees joined us at the Westin Riverwalk this morning for our annual summit on the impact of the Eagle Ford Shale. The Texas Railroad Commission has called it potentially the biggest economic driver in state history, and UTSA Center for Business and Community Research director Thomas Tunstall shared some proof. The Eagle Ford Shale drove $61B in economic output in the 20-county region last year, and he says that should reach $81B this year. (That's a massive leap from $25B in output in 2011.) The play may soon surpass the Bakken in daily production. We've already jumped from 381k barrels of oil produced per day in '12 to 512k now, and that's forecasted to top 1M barrels daily in a few years. We'll have full coverage of our event in next week's publication, so don't miss it!

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Austin - San Antonio Newsletters
Related Stories

FBI Drops Investigation Into Financially Troubled StoryBuilt

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

SpaceX Sues Texas AG, Grimes County Over Terafab Project Information

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds