EPA’s Efforts Could Hurt the Eagle Ford

If the EPA gets its way, the boom in the Eagle Ford might slow down. Here are a few good statistics from the Seguine Gazette:

Development of the Eagle Ford shale, a vast oil and gas region, shows promise of being the most important economic generator South Texas ever has seen, a recently released study indicates.

Since the first well was drilled in the Eagle Ford in 2008 until 2010, oil and gas drilling has directly supported about 6,800 full-time jobs in the region, paid $311 million in salaries and benefits to workers and generated almost $2.1 billion in total economic output.

When other spin-off jobs were tallied, the numbers jumped to 12,600 jobs, $512 million in salaries and $2.9 billion in economic output.

Drilling jobs account for about half of the jobs so far in the Eagle Ford, and the jobs pay well, starting from about $12 to $17 an hour for an entry-level drilling job, and $13 to $18 an hour for truck drivers.

Read the full news release at seguingazette.com

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.


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