REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Eagle Ford Shale Sale

Irving-based Pioneer Natural Resources is selling part of its Eagle Ford Shale land holdings for $102 million. Denver-based Sundance Energy Inc. will buy the 10,200 acres that are valued at roughly $10,000 an acre. The land is located in Atascosa, La Salle, Live Oak and McMullen counties in the western portion of Pioneer’s Eagle Ford Shale holdings.

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With no bids, Halliburton property in Alice pulled from auction

With no online bidders and nobody in attendance at an on-site auction, a 19-acre property owned by Halliburton Co. in the South Texas town of Alice remains unsold. The 850 Commerce Halliburton property in Alice, Texas, will sell to the highest bidder at auction above an opening bid of $1 million. It is a 19-building […]

Halliburton to auction off shuttered 103K-sf facility in Alice

After operating for more than 16 years in Alice, oilfield services giant Halliburton is moving forward with plans to auction off a shuttered facility there. Halliburton Co. closed its 19.18-acre facility at 850 Commerce St. in Alice in March 2015, where it laid off 60 employees. The closure came during one of the bleakest periods […]

San Antonio leads Texas in construction job growth

Pent-up demand and uncertainty in the Eagle Ford Shale have pushed San Antonio to the top of the stack in terms of statewide construction employment growth. According to a report from the Associated General Contractors of America, San Antonio posted the largest increase in construction employment in the year between August of 2014 and 2015 […]

TAR sells off South TX portfolio

Texas American Resources (TAR) recently sold its existing production, proved reserves and Eagle Ford and Austin Chalk oil development opportunities on its 55,000 net acres of leasehold to an undisclosed buyer for $135 million. The property is spread across four South Texas counties – Dimmit, Frio, La Salle and Zavala. TAR still owns and operates […]

Eagle Ford Shale pulls more than its fair share in U.S. oil production

Over half of 2013 U.S. oil production came from 20 counties, six of which are located in South Texas’ Eagle Ford Shale, according DrillingInfo. The 20 counties — half spread through Eagle Ford and North Dakota’s Bakken Shale — represent just 2 percent of U.S. oil-producing counties yet accounted for 52 percent of 2013’s output. […]

Halliburton opens new operations center

Oil field services giant Halliburton Co. officially opened the doors of its new $70 million operations center which is positioned to better serve clients in the Eagle Ford Shale and South Texas. The 400,000-square-foot facility is located on 150 acres at 4375 S. Loop 1604 East on the southeast side and features an administration building, […]

Holt Cat launches $77 million expansion to keep up with shale growth

San Antonio-based heavy equipment dealer Holt Cat is undergoing a $77 million expansion, prompted in part by a rush of new business from the Eagle Ford Shale and other domestic oil-and-gas plays. Among its upgrades, the company — helmed by San Antonio Spurs owner Peter Holt – has begun work on a new, 40,000-square-foot, air-conditioned […]

Industrial development heads to Kenedy in the Eagle Ford Shale

The little town of Kenedy Texas – population 3,296 – sits in one of the most active areas in the Eagle Ford Shale region.  Located in Karnes County about an hour southeast of San Antonio, Kenedy is slated to see some new development.  Laredo-based developer Hachar Investments has plans to build the Kenedy Business Park […]

REOC San Antonio releases 2Q 2013 industrial market update

The San Antonio industrial market closed the second quarter with a citywide vacancy rate of 8.1%.  For the ninth consecutive quarter, activity within local industrial properties generated positive net absorption.  Supported by a growing number of transportation and third party logistics companies local industrial properties experienced 564,220 square feet of positive net gain which raised […]