Eagle Ford Shale

Business
5:42 pm
Wed February 6, 2013

Lawmakers Focus on Eagle Ford Shale

A legislative group wants to help guide the effects of the drilling boom in South Texas.
Eddie Seal, Texas Tribune

In the latest report on state sales tax revenues, some towns are reporting huge increases in sales tax collections.

Asherton, for example, saw its January sales tax grow by 191 percent. Asherton is near the Eagle Ford Shale, an area being transformed by the oil and gas drilling boom.

As Mose Buchele reports for StateImpact Texas, a new bipartisan group of state lawmakers hoping to guide that transformation hosted its first meeting today at the Capitol.

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transportation
7:43 pm
Thu January 31, 2013

Lawmakers Hunt for Cash to Fix Roads Hit by Drilling

Todd Wiseman, Texas Tribune

An assortment of state lawmakers, county officials and energy industry leaders are working this session to fix the growing number of roads torn up as a result of increased drilling activity.

“Roads that are designed for a 20-year-life are being used in five years,” said DeWitt County Judge Daryl Fowler, who is pressing Austin to come up with a fix this session on behalf of several counties in the Eagle Ford Shale.

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The Lead
9:00 am
Wed October 24, 2012

The Lead: Historic Tax Exemptions, SXSW Takes Vegas, Oil Boom Creates Jobs Across Texas

Good Morning. Once the clouds dissipate, Austin can expect warm weather with a high of 86, according to the National Weather Service. Here are some stories KUT News has been working on:

Three Austinites are suing the City of Austin, Travis County, the Austin Independent School District and Central Health for allowing tax breaks on what the plaintiffs refer to as “allegedly” historic properties.

AMLI Residential, builder of several high profile apartment communities in Austin, has announced it is going to build a mid-rise project in Mueller town center.

The popular Austin film, music and interactive festival is rolling out the SXSW V2 festival in Las Vegas in August. Rather than merely being an extension of the music and film events that take place in Austin, SXSW V2 is geared toward tech startups.

Texas Republicans have made limiting trimming the state budget an integral part of their mission over the last decade, but many worry the state has simply shifted the burden to local governments.   

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energy
3:11 pm
Fri November 18, 2011

Eagle Ford Shale Lures Halliburton To San Antonio

Photo by Anne Lise Norheim, Halliburton http://www.flickr.com/photos/olfnorge/

Natural gas extraction on the Eagle Ford Shale in South Texas has developed to the point that the oil field services company Halliburton has decided to build a $50 million operations base in San Antonio.

The Houston-based company announced yesterday that it is looking to hire 1,500 people to staff the center. Annual salaries will average $70,000, the Houston Chronicle reports.

When Halliburton reported its quarterly earnings last month, it announced record breaking profits at its North American operations: more than $1 billion. Much of that was on the back of the booming natural gas industry, which has taken off with technological advances in hydraulic fracturing, or “fracking” – a practice that allows access to natural gas stored in shale rock 5,000 feet underground.

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