The San Antonio, TX, metropolitan area has gained about 4,000 jobs from the Eagle Ford shale Play, and its upcoming major road improvements could tap up to $12 million annually from the oil/gas development, according to a report released Tuesday by the San Antonio Economic Development Foundation.
Gonzales
Articles from Gonzales
Industry Brief
Penn Virginia Corp. has paid $31.1 million to acquire nearly 6,800 net acres in the Eagle Ford Shale, primarily in Gonzales County, TX. The acquisition was funded with cash on hand, the company said. The new acreage is estimated to contain more than 40 horizontal well locations, with Penn Virginia’s working interest averaging about 73%.
August 13, 2010
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