Floresville Housing Stretched by the Eagle Ford

Eagle Ford Housing demand from oilfield workers is stretching all the way from San Antonio to smaller surrounding towns like Floresville. Neither town sits atop the Eagle Ford, but industry workers have filled beds and made it hard to find a room. RV parks, and hotels are popping up everywhere. I expect we’ll get a home building boom in the near future.

The oil boom in South Texas is starting to stretch north — to an area without any oil or natural gas.

The town of Floresville, located about 40 miles Southeast of San Antonio — but North of the Eagle Ford oil and gas field — is starting to feel effects of the boom.

“We have had an influx of oil workers from the area,” said Jesse Perez, Floresville’s economic director.

Most of those oil field workers are looking for housing. Perez said a new hotel in town has almost been completed and another one is about to start construction.

Read the full news article at ksat.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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