The Texas coast is poised to see a huge infusion of cash and tourism over the next two years from development of the Eagle Ford Shale gas and oil play, as the following article explains. That bodes well for rental demand for beach vacation homes.
The oil and gas industry will continue zeroing in on the Texas Eagle Ford Shale, investing additional billions in the South Texas region next year.
The field has emerged as among the hottest in the nation for crude oil production. But a report from Wood Mackenzie, a global energy research firm, puts the mammoth infusion into perspective: 27 percent of the industry’s capital investment in the lower 48 states goes to the Eagle Ford.
“When you throw out a number like that, it’s a phenomenal amount going into this area of Texas,” said Callan McMahon, an analyst for Wood Mackenzie in Houston.