Permian Crude Will Access Rail, Barge, and Pipeline Outlets From Gardendale

Plains All American Pipeline announced a new $350 million pipeline that will move 200,000 b/d of crude oil from the Permian Basin into the Eagle Ford region. The Cactus Pipeline will be a 310-mile, 20-inch crude oil pipeline from McCamey, TX, to the Gardendale Area in La Salle County, TX.The pipeline is supported by a long-term capacity commitment and is expected to be in service in the first quarter of 2015. Plains estimates total costs will come in around $350 to $375million. R.T. Dukes

Read more at: paalp.com

Eagle Ford housing is being addressed by yet another creative solution. Local developer David Monnich is using shipping containers to construct three story apartments in South Texas.

The demand for housing has simply outstripped supply.  Modular homes can be deployed very quickly and we’ve seen several modular developments across the region. Mr. Monnich’s development is different in that he is constructing modular apartments using common shipping containers.

Oil & Gas Supports 116,000 Full-time Jobs in 2012

Development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact during 2012, according to a study released today by the Center for Community and Business Research in The University of Texas at San Antonio Institute for Economic Development. In addition, the region supported 116,000 full-time jobs for workers in oil and gas, drilling, support operations, pipeline construction, refineries and petrochemicals.

Read More at: http://eaglefordshale.com/press-releases/economic-impact-eagle-ford-2012-utsa/#more-2910

Rick Stoneburner remembers the 2008 Texas-Oklahoma football game as a thriller, highlighted by the Longhorns’ dramatic second-half comeback. But for Stoneburner, the day’s biggest excitement came before he took his seat at the Cotton Bowl, when he learned that Petrohawk Energy’s wildcat well in La Salle County had hit natural gas—and lots of it.

For months, Stoneburner, who was Petrohawk’s president and chief operating officer at the time, and a team of oilmen had been pursuing their hunch about hydrocarbons locked in the South Texas shale. They had scooped up leases on 160,000 ranchland acres, agreeing when necessary to cease work during deer-hunting season. Now they had hit pay dirt. “Ten months to ten tcf,” Stoneburner says with a laugh, referring to the estimated 10 trillion cubic feet of natural gas they discovered. But the timing was terrible: the stock market was crashing, and oil and gas prices were at half their summertime highs and falling. Against that backdrop of glum economic news, the Eagle Ford boom was born.

Read More: http://www.texasmonthly.com/story/bust-times