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Do you keep hearing about the exciting “Eagle Ford Shale” and wonder what the big deal is?
What “it” is, is not quite so much as the question, “whats the big deal?”. The Eagle Ford Shale is an active band of underground petroleum reserves that are now accessible due to technological advances commonly known as ‘fracking’. There are 15 counties which it directly affects but the additional effects are even wider.
Read the Full Article written by University of Texas at San Antonio at this link: http://www.anga.us/media/195472/utsa%20eagle%20ford.pdf
According to the Texas Workforce Commission, the average wage for all employees in the region was $32,680 in 2009, while Texas workers in oil and gas extraction industry earned an average annual wage of $76,874.
These areas present huge opportunities in real estate as well. For example, one of our clients just built a new metal building in Pleasanton, and leased it to a wireline company (an oilfield vendor). The property is now for sale, like many other investment properties are built & sold, and received offers within the first 72 hours of being on the market. See link here: http://bit.ly/Allied_Services_OM This particular, new small business, was launched by former Halliburton employees, with years of experience in the industry.
Jim Young
Sabot Development, Ltd
512-565-7509
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