Job Fair - Texas Economic Development & Energy Summit - Aug 23, 2012

Don't miss the Eagle Ford job fair planned for Thursday from 9:30-2:30 at the San Antonio Convention Center.

Where:
San Antonio Convention Center Exhibit Hall 103AB 200 East Market Street San Antonio, 78205

What to Expect:

• Veterans will be welcomed at 9:30 and the job fair will open to the general public at 10:30
• 50+ employers and community resource agencies to be in attendance

Announced companies participating include:

Alamo Area COG; Airstream Renewables; Bill Hall, Jr. Trucking; CPS Energy; Chesapeake Energy; Fed EX; H&R Block; Halliburton; J. Crew; Lewis Energy; Mission Pharmacal; National Oilwell Varco; Shale Tank Truck; Tesoro Companies; Thomas Petroleum; Transcom; Shale Tank Truck; West Corporation; 7 Up/Snapple; SER Jobs for Progress; Good Careers Academy; Bexar Couty VSO; Texas Veterans Leadership Program; San Antonio Coliation for Veterans, Military Officers Association of America

San Antonio Job Growth Fueled by the Eagle Ford Shale

Kiplinger has pegged San Antonio as one of "8 Cities With Surprising Job Growth". The city has a population of just over 2 million and is expected to add 150,000 new jobs between now and 2015. The financial magazine was sure to note Eagle Ford Jobs were helping lead employment growth.

....the city is the hub of Central Texas' energy sector, especially its fast-growing natural gas segment. Major employers poised to expand include Valero, NuStar and Tesoro.

Read more at kiplinger.com

Dallas Fed Report "Eagle Ford Shale Brings Wealth to South Texas"

The Dallas Federal Reserve bank is the latest organization to publish a report touting the economic benefits of the Eagle Ford.

Recent data suggest that the oil boom’s impact on jobs, income and spending in the region has been profound.

Other highlights include:

• Between 2007 and 2011, gas production rose 20%, oil 80%, and condensate 541%
• From Feb 2010 to Feb 2012, the rig count grew from 42 to over 225
• Horizontal drilling accounts for over 90% of Eagle Ford wells
• An estimated lease bonus of $1,500/acre x 5 million acres = $7.5 billion paid since 2007
• Estimated drilling spend has risen from $1.8 billion in 2007 to $14.6 billion in 2011
• Local royalty payments increased by $584 million from 2007 t0 2011
• Biggest industry winners include: oil exploration and services, construction, wholesale and retail trade, and real estate.
• Seasonally adjusted retail sales in the 23 county area grew 15.4% compared to 6% for Texas and 7.4% for the U.S.
• Sales tax revenues grew 9.3% over the same period
• Eagle Ford jobs represent 2% of the Texas workforce
• Annualized growth in weekly wages was 14.6% vs. 6.3% for the U.S.

Read the entire report at dallasfed.org

Economic Impact of the Eagle Ford Shale - UTSA Study

UTSA's Institute for Economic Development is releasing its latest study at two luncheons. One on May 9 in San Antonio and another in Cotulla on May 11. Here are the highlights from the San Antonio event:

In 2011:

• Eagle Ford Shale development supported almost 50,000
• Total impact of the play was $25 billion
• Companies paid $3.1 billion in salaries related to the play's development
• 14 county core area has seen average salaries rise 27-34% across the board

In 2021:

• Total economic impact could range from a low case of $25 billion to a high case of $96 billion
• Eagle Ford could support 117,000 jobs. More than 2.5 times current employment

On a side note:

• UTSA inherited 5,000 acres years ago and is getting royalties from one lease that is paying $25,000 per month. The money is going straight to scholarships
• All statistics were taken from a mid-case or moderate view of development. If the high case comes to fruition, the play could contribute even more to South Texas.

Tom Tunstall and crew did a great job presenting the findings. We're blessed to have great resources like the Institute of Economic Development right in our backyard.

We were in San Antonio providing live updates. Be sure to Follow EagleFordShale.com on Twitter to get future updates. If you'd like email updates on news in the Eagle Ford, be sure you're getting our daily or weekly email updates.

You can read more about the study at utsa.edu

Truckers Wanted! - Eagle Ford Drivers in High Demand

Eagle Ford truck driving jobs are in high demand. That's not news to those in South Texas that see the billboards and hear the pay rates. Sign on bonuses in the thousands of dollars are becoming more common and hourly rates can reach higher than $30.  The pay is good, but finding qualified candidates is not. Mysanantonio.com published an article  yesterday that provides more background on the number of openings and the obstacles to hiring.

Here are a few highlights from the article:

• San Antonio is losing drivers to the Eagle Ford
• Pay ranges from 25,000-80,000 for most jobs
• Background checks and drug test eliminate 50% of those apply for the positions
• Coastal Bend College is working to train CDL drivers