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.

Monday, June 20, 2011

South Texas Enjoys Major Boom from Oil Fracking

COTULLA, Texas -- Bill Cotulla's hand rests on the handle of his great-grandfather's cane, his gravelly voice recounting the changes in the small town his ancestor founded and named for himself some 130 years ago. Almost overnight, it has transformed from a South Texas backwater to the hub of a major oil boom.

"You can't be choosy," the 75-year-old muses, considering the expanse of new RV parks, hotels and restaurants. "The oil companies that are putting up buildings are keeping nice yards."

For generations, Cotulla has been a town where even the paved roads had the aura of the dusty, saloon-lined paths from old Western movies.

Cowboys, ranchers and shop owners tied their livelihood to the hunting season.

Young people left to escape double-digit unemployment and poverty rates.

Now, the challenge is all the people pouring in.

Cotulla, about 90 miles south of San Antonio, and nearby towns are rushing to house hundreds of workers and approve plans for apartment complexes and industrial parks to keep up with the development of the Eagle Ford shale formation, one of the most plentiful new oil fields in the country.

Source: Go Earie

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