Halliburton Opens San Antonio Office & Operations Center – Will Service the Eagle Ford

The Company Spent $70 Million To Construct the Facility
Halliburton Administrative Office - San Antonio

Halliburton Administrative Office – San Antonio | Click to Enlarge

Halliburton has officially opened the company’s $70 million San Antonio office in southern Bexar County.

The new operations center will serve the needs of the Eagle Ford and the surrounding area. The company’s South Texas operations have grown in stride with the Eagle Ford.

Halliburton has hired 550 employees and expects to add another 450 oilfield related jobs by the end of the year. The facility was designed to support as many as 1,500 employees. [Read more…]

Trophy Oaks Subdivision Lots Hit The Auction Block – Atascosa County – Press Release

Trophy Oaks Entrance

Trophy Oaks Entrance

Thirty residential building lots in the Trophy Oaks subdivision on FM 476 in Poteet, TX, ranging in size from 1 acre to 10 acres will be auctioned on Saturday September 7, 2013, at noon by NYTex Auctions.  Ten of the twenty-two one acre lots being offered will be sold Absolute.

The development with many large oak trees is in a prime location outside of Poteet, yet within a short drive to San Antonio, the Toyota plant and the booming Eagle Ford Shale area. The lots are located less than 15 minutes from Pleasanton and Jourdanton. [Read more…]

How Long Will the Eagle Ford Shale Boom Last?

A Texas A&M economist pegs the play's lifespan at 16 years - I'm taking the over
Eagle Ford Shale Impact Map

Eagle Ford Shale County Impact Map from UTSA | Click to Enlarge

A Texas A&M economist met with business leaders to share his projections of how long the Eagle Ford shale boom will last. He expects the play will have a productive lifespan of 16 years. I’d like to see what is behind the 16 year number, but I believe the message was well delivered. This Eagle Ford development isn’t going to fizzle out any time in the near future. The opportunity is too big. Billions of barrels of oil & gas resources mean billions and possibly trillions of dollars in economic development.

The economist speaking at the 2013 Executive Economic Outlook breakfast was simply conveying there is significant opportunity in South Texas. Most real estate developers are being cautious and not making commitments unless they can project a one-year payout. If the play has a lifespan of decades, more permanent developments are needed. South Texas will need every thing from grocery stores to home developments, gas stations and Wal-Marts. [Read more…]

Port Aransas Housing Boom Supported by New Wealth in South Texas – Video

The Eagle Ford Shale is building wealth in South Texas and locals are stepping up as buyers for highly valued real estate. Port Aransas has seen real estate demand grow by four-fold. Buyers are coming from Ingelside, Cuero, Beeville and Corpus. That’s a shift from the major metro areas in the past.

“Primarily, before this a lot of our market had come from Dallas, San Antonio, Austin and Houston,” developer Jeff Lamkin said. “Now, the local market here has become a really big segment of our renter and buyer profile.” [Read more…]

Industrial Space in Short Supply – Houston – San Antonio

Industrial properties are well occupied in Houston.  Energy Service (Oil & Gas) companies have quickly filled available space in order to meet demands from growing oil & gas plays like the Eagle Ford Shale.

Companies Are Expanding and Relocating to Houston

Many of my clients have chosen to remain (and even expand) in Houston as a primary hub, and then open up satellites in South Texas to take advantage of the Eagle Ford Shale Play in South Texas.  Given Houston is deemed as one of the energy capitals of the world, has a low cost of living and enjoys a quality labor pool, companies are oftentimes relocating to Houston.  Therefore, industrial space is being absorbed at a nice clip.  New development has started on 3 speculative projects for distribution space.  This hasn’t happened since 2007.  Also, over 2 MM SF of manufacturing space (buildings with cranes) is under development for both users and future occupiers.  Overall, we know of very little speculative projects underway in any other area of the country.  Notable companies expanding in Houston are National Oilwell Varco, Weatherford, and KBR. [Read more…]