First Day Of The Corpus Christi Oil Expo Is In The Books – Video

Great Turnout For The First Year Of The Event

If you are close to Corpus Christi, come out and visit the final day of the Texas Eagle Ford Oil & Gas Expo.

Several hundred people walked the aisles on Tuesday and a good turn out is expected on Wednesday. [Read more…]

Eagle Ford Energy Boom is Just Beginning

The rising economic tide pushed by the Eagle Ford is boosting business activity in Corpus Christi

“The Eagle Ford energy boom is just beginning” was the comment for Texas A&M University professors earlier in the week. Hotels and restaurants are already benefiting in Corpus Christi and other industries will be following along in short order. The influx of South Texas oilfield jobs is supporting the economy across the area and not just where drilling is active.

South Texas School Districts Become Robinhood Targets

It’s a nice problem to have. Tax appraised values are rising by hundreds of millions of dollars across South Texas. Our schools will be getting better, but the state’s “Robinhood” provision means they’ll also be sending money elsewhere.

Robstown ISD saw an almost 20 percent increase in values from 2011, from $375.4 million to about $450 million, and London ISD’s preliminary estimate came in 23 percent above 2011, rising from about $233 million to about $287 million.

Those numbers pale in comparison to districts in the heart of the Eagle Ford Shale. Karnes City ISD has seen valuations increase nearly sixfold in the past two years.


Equipment Delays – Margin Pressure in the Eagle Ford – Plains All American

Equipment delays in the Eagle Ford have slowed work on Plains All American’s pipeline project, but the development is still on schedule to be fully operational in Q1 2013. The pipeline will provide 300,000 b/d of¬†takeaway¬†capacity into the Corpus Christi refining markets and connect to marine transport options delivering to other Gulf Coast markets.

Plains All American also touched on the fact that pipeline and midstream company margins in the Eagle Ford will compress over time. At their estimates, pipeline capacity might double production expectations in the play. If that is the case, there will be downward pressure on margins. Unless production volumes continue to outpace expectations, that is a natural progression in midstream business cycle.

The company will also begin moving crude oil volumes away from trucking in favor of pipelines. Pipeline yield lower margins than many of the trucking and logistical arrangements in the play today. [Read more…]