Wednesday, October 9, 2013

The Energy Revolution -- It Is Just Beginning -- Issue 8,544 -- San Antonio Could Become The Next Energy Hub

I'm in an incredibly good mood. It's hard to believe all the stories that were posted in the past 48 hours that suggest the US energy revolution is gaining traction. I've posted as many as I have had time for.

But now another one. Rigzone is reporting:
Houston gets most of the ink, but San Antonio, Texas – named number 4 of the next “boom towns” in the nation by Forbes magazine two years ago – is quietly becoming an energy city in its own right. And while some of the energy sector drivers of commerce might have an expiration date, others seem likely to stick around for the long haul.
The Eagle Ford shale is a major part of San Antonio’s boom. Up to 540,000 barrels of oil are produced daily in Eagle Ford, Karr Ingham, a petroleum economist for the Texas Alliance of Energy Producers said in a July presentation. Demand for workers in the giant shale formation is providing a boost to the San Antonio economy in the form of record-breaking tax revenues, while lining the pockets of former college students and other marketable workers in a variety of fields who are lured to the Eagle Ford by robust salaries.
The boom is manifesting itself in various ways. Some former school bus drivers in the Alamo City, for example, have found lucrative jobs driving commercial vehicles in the shale formation, filling a shortage of qualified drivers. These drivers are hardly alone; many other people needing work in San Antonio have found well-paying jobs filling various positions working in the Eagle Ford Shale formation, according to the San Antonio Express-News.

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