The oil and gas rush from Texas' Eagle Ford shale now generates ~$61B in economic impact and...

|By:, SA News Editor

The oil and gas rush from Texas' Eagle Ford shale now generates ~$61B in economic impact and supports 116K jobs, far more than year-ago projections, according to a new report by the Univ. of Texas Institute for Economic Development. Eagle Ford oil output rose more than 50% Y/Y in January to ~373K bbl/day; 258 rigs are drilling there, according to Baker Hughes' latest weekly count.