It’s been Christmas all year round for folks who work in the Texas oil and gas industry. Between the Eagle Ford Shale and Barnett Shale, and due to advancements made in hydraulic fracturing technology, drilling companies, employees and related businesses (like trucking companies) are making real money.
And as Jennifer Hiller reports for the San Antonio Express-News, the industry will continue to see the Eagle Ford Shale as a proverbial gold mine, shoveling an estimated $28 billion in investment into South Texas oil and natural gas production throughout 2013.
“The Eagle Ford is very well positioned near the coast,” a Texas industry analyst said, as Hiller quotes. “It’s a huge advantage as far as oil prices go.”
Thus, there’s no sign that oil and gas-related trucking traffic – from 18-wheelers to oil tankers – is likely to decrease anytime soon.
In fact, the problem will likely get worse.
Throughout 2012 we consistently wrote about how counties and Texas lawmakers are grappling with the deterioration of roads in South Texas and the problem of speeding truck drivers and related issues.
While these issues will continue to prove difficult to solve, here’s hoping for an accident-free holiday season.
Source: Eagle Ford to see $28 billion in investment