Prosperity

Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the South Texas region last year, according to a study released Wednesday by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.

The integrated majors’ strong cash flows appear unstoppable for now, but their prosperity belies formidable challenges to replace their reserves, grow their production and control costs, Moody’s Investors Service reported last week.

The integrated majors’ strong cash flows appear unstoppable for now, but their prosperity belies formidable challenges to replace their reserves, grow their production and control costs, Moody’s Investors Service reported Wednesday.

Calling the construction of a natural gas pipeline “our greatest prospect for new jobs and prosperity,” Gov. Frank Murkowski told Alaskans Wednesday he expected to be able to soon deliver to the legislature one or more Stranded Gas contracts by applicants seeking to build pipelines to tap the state’s huge gas resources.

Calling the construction of a natural gas pipeline “our greatest prospect for new jobs and prosperity,” Gov. Frank Murkowski told Alaskans Wednesday he expected to be able to soon to deliver to the legislature one or more Stranded Gas contracts by applicants seeking to build pipelines to tap the state’s huge gas resources.