Breitling Oil and Gas Evening Podcast #82 June 1st, 2012

Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011.

The Eagle Ford Shale has proven to be one of the most important economic engines in the state. In 2011 alone, the play generated over $25 billion in revenue, supported 47,000 full-time jobs in the area and provided $257 million in local government revenue.

In 2011 shale development:

  • Paid $3.1 billion in salaries and benefits to workers,
  • Provided more than $12.6 billion in gross regional product,
  • Added more than $358 million in state revenues including $120.4 million in severance taxes
  • And spurred a triple-digit sales tax revenue increase in various local counties.

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