McALLEN (March 26, 2013)—The oil and gas rush in South Texas' Eagle Ford Shale region is supporting 116,000 jobs, many of them in counties that just five years ago were fighting significant population loss, a report by the University of Texas at San Antonio's Institute for Economic Development says.
The institute presented its second annual report on the Eagle Ford Shale's economic impact to lawmakers Tuesday in Austin.
Most surprising was just how quickly the jobs piled up last year, said Thomas Tunstall, director of the UTSA Center for Business and Community Research and the lead investigator.
In 2011, the same 20 counties had about 48,000 jobs in oil and gas, drilling, support operations, pipeline construction, refineries and petrochemicals.
The report put the total economic impact in the 20 counties last year at $61 billion.