San Antonio Businesses Have Eagle Ford Optimism

Eagle Ford Shale jobs have posted major gains over the past year and optimism in the economy is spreading throughout San Antonio. Even with the obstacles the U.S. faces as a country, South Texas is poised for growth.  Only one in nine businesses in a recent survey expects business to slow in the coming year and only one expects the economy to stay flat. The rest are expecting higher demand for products and services.

An interesting note from the story is that the one company that expects the economy to stay flat hired 13 employees in the past year! If that is a sign of things to come, South Texas might benefit from the Eagle Ford Shale Oil boom for many years to come.

The association’s 2011 Mid-Year Economic Report found that 58 percent expect the economy to remain flat in the coming year, and 30 percent — more than twice the number counted in a similar survey last December — felt it would fall back into recession.

Texas’ and San Antonio’s economies have outperformed the nation’s during the recession, however, and area business owners have been quick to acknowledge their good fortunes.

Only one of the nine businesses asked to assess their prospects in the coming year was pessimistic, and a second one, Metropolitan Contracting Co., said the coming year should be stable.

But Tim Swan, CEO of Metropolitan, said that’s not bad news because his business picked up last October, enough for the contractor to add about 13 employees this year.

Read the full news release at

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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.