Riches from the Eagle Ford Boom – Video

Who's Benefiting from Oil Production and What You Can Do to Cash In

You may be curious to know exactly how some folks are getting rich from the Texas oil boom, and better yet, what you can do to ride the wave.

The KPRC-TV report provides a concise look at how development of the oil-rich Eagle Ford formation has brought wealth to the small South Texas town of Three Rivers. The story also provides a hint at an industry segment some locals suggest would be a money-maker.

Boom Times in Three Rivers, TX

Prior to the beginning of the boom in 2008, Three Rivers, which is about 70 miles South of  San Antonio, TX, was a sleepy little town, but that has all changed. For local residents “oil money” has changed their lives and the town in which they live. Recently, Three Rivers built an $11-million dollar junior-senior high school from tax revenues derived from oil & gas development. And some locals with mineral rights in the area have benefitted greatly from lease bonuses and “mailbox money” (i.e. royalty payments) from oil & gas production.

video platformvideo managementvideo solutionsvideo player

According to the University of Texas at San Antonio, the Eagle Ford Shale had a $61 billion economic impact across a 20-county area in 2012. That’s a big chunk of change, and the money is mostly funneling into the pockets of oil & gas company executives, tertiary industry, the general workforce, mineral owners, investors and shrewd businessmen.

Getting Rich from the Eagle Ford Shale

So, the question is, what can you do to make money from the Eagle Ford boom? The best thing to do now for the majority of folks is go to work in the field, or open a business that serves the needs of the workforce. Certainly, everyone has different circumstances to consider, and not everyone has the necessary capital to open a business, but the money is there for the taking – you just have to be willing to work hard for it.

Oil patch jobs have provided individuals and families with lucrative salaries. Some rig workers can make upwards of 80k – 120k annually. Experience counts for certain positions, but entry-level opportunities can still be had as development continues to ramp up in the region. CDL Drivers are also in high demand in the Eagle Ford for hauling crude, supplies, frack water, etc. Their salaries can also top six figures.

Due to Eagle Ford development being concentrated in mainly remote areas, a growing workforce exists without access to a wide variety of amenities (i.e. washaterias, restaurants, grocery stores, etc.). Opportunities for investors to get on-board with projects in the service industry have the potential for paying off, atleast up-front while there is less competition.

Plains & Enterprise Announce Eagle Ford JV Pipeline Expansion

Partners Will Spend $120 Million to Increase Capacity to 470,000 b/d
Plains All American Eagle Ford Assets

Plains All American Eagle Ford Assets | Click to Enlarge

Plains All American and Enterprise Products are planning a $120 million expansion of the Eagle Ford JV Pipeline system. The expansion will increase the pipeline’s capacity to 470,000 b/d of light and medium crude grades, as well as increase storage capacity in Corpus Christi, Gardendale, and Tilden by 2.3 million barrels. [Read more…]

Double Eagle Pipeline Moving Eagle Ford Condensate to Corpus Christi

Condensate Moving From Three Rivers To Magellan's Corpus Christi Terminal
Double Eagle Pipeline - Eagle Ford Condensate System

Double Eagle Pipeline – Eagle Ford Condensate System | Click to Enlarge

Double Eagle Pipeline, LLC, a joint venture between Kinder Morgan and Magellan Midstream, has started moving condensate to Corpus Christi.

The pipeline is part of a project that was started by Copano and Magellan, but is operated by Kinder Morgan who purchased Copano earlier in 2013. [Read more…]

Live Oak Railroad Near Three Rivers Coming

Railroads will potentially add dollars per barrel to realized Eagle Ford oil prices
Live Oak Railroad Location Map

Live Oak Railroad near Three Rivers | Click to Enlarge

The Live Oak Railroad will be breaking ground in November with plans to open in the first half of 2013. The new rail facility will include 28,000 ft of track located just south of Three Rivers. The facility has a great location almost halfway between San Antonio and Corpus Christi. If you have noticed, there has been a dramatic rise in rail traffic in South Texas related to the Eagle Ford boom.

Three other major railroad sites have grown significantly in recent times:

The Live Oak Railroad is being built by a partnership between Howard Energy Partners and local real estate developers. The primary purpose of the facility is to move liquid hydrocarbons – condensate, NGLs, and oil. [Read more…]

Valerus San Antonio Office Opening for Eagle Ford Work

The San Antonio office will support sales efforts for the Three Rivers Facility
Valerus San Antonio Office

Valerus San Antonio Office Map | Click to Enlarge

Valerus is opening an office in San Antonio to help support operations in the Eagle Ford Shale. The new office will provide sales support for the company’s Three Rivers facility.

Valerus provides oil & gas handling and processing services across the world. In South Texas, the company is helping meet growing demand in the midstream sector, including production, compression, and process and treating facilities. The company will offers operations and maintenance services. [Read more…]

Will School Districts Be Forced to Build Housing?

McMullen County owns homes and now Three Rivers is building homes for teachers

Eagle Ford housing issues will likely continue until permanent housing can can meet the needs of the population. In the mean time, we’re going to see investments from places you might not expect. School districts are the latest to enter the fold in home development.

Oilfield workers have brought their families and snapped up available homes across South Texas. That same influx of people and students has increased the need for teachers. The new teachers in turn face the challenge of finding affordable homes. (FYI – there aren’t any)

McMullen County ISD has built homes before and it along with other school districts are determining the best way to invest this time around. With rental homes going for $2,000 per month or more, affordable housing is more scarce than ever. The school districts will have to help or open positions will not likely be filled.

Three Rivers recently purchased a piece of land and placed two mobile homes on the property as a short-term solution. Rohrbach said they’ve budgeted $100,000 to get the project started. Long-term, the plan is to build houses or duplexes on the land. More money will be approved as needed, Rohrbach said.

Rent will be reasonable, he said, at about $500 or $600 a month.

Read the full story addressing the issue at caller.com

MENU