REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Eagle Ford Shale lures Cudd Pumping to San Antonio

The vast stores of crude oil and natural gas discovered in the Eagle Ford Shale has ignited a flurry of activity in South Texas.  In addition to big players such as Chesapeake Energy and EOG Resources, a myriad of smaller companies are making their way to the region.  Cudd Pumping Services, for example, a division of Cudd Energy Services, an oilfield services provider, recently leased the facility located at 5251 Tacco Dr. (40,271 sf) in the city’s Northeast sector.

A new study reported that oil and gas drilling at Eagle Ford has directly supported 6,800 full-time jobs since the first well was drilled in 2008 and has accounted for roughly $2.1 billion in economic output.   That impact increases when other spin-off jobs are tallied into the calculation.  By 2020, the Eagle Ford is expected to account for nearly $21.5 billion in economic output and could support as many as 68,000 jobs.  For more information, read Eagle Ford is helping fuel area’s economy (MySA.com, 3-10-11)

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