Right here in America there is a modern day oil & gas boom. The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the state of Texas. The play had more than a $25 billion dollar impact on the local South Texas economy in 2011.

Friday, September 16, 2011

Developer plans Eagle Ford housing


A San Antonio-area developer has purchased 166 acres in Kenedy for a project to help fill the desperate need for housing for oil field workers in the Eagle Ford shale.
Kenedy Station, a residential and commercial development, should break ground late this year. Although it will be built in phases, plans ultimately call for 260 home sites and 240 apartment units.
Kevin Brown, Abrego Development Co. president, said he was approached more than three years ago by the Karnes County Economic and Community Development Corp. about the need for more housing in the area. And that was before the oil boom.
Kenedy is about 60 miles southeast of San Antonio in the heart of the Eagle Ford shale formation, which lies beneath 24 counties and sweeps across the state from the border to East Texas. Small towns across South Texas have been inundated with oil field service companies and workers. Hotels, rental homes and RV parks are full.
"We desperately needed housing," said Ray Kroll, executive director of the Karnes County Economic and Community Development Corp. "I haven't had an empty hotel room in Karnes County for years."
Source: Chron 

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