Strike It Rich With Eagle Ford Shale Property
In 2008, in La Salle County, Texas, the first gas and oil well was dug in the Eagle Ford Shale. Since then, this area, rich in natural resources, has become a hotbed of industry, and a place where landholders are striking it rich.
The benefits of owning Eagle Ford Shale real estate cannot be denied. It’s not what’s above ground that counts out here; it’s what lies beneath. And investors, companies, and individuals are flocking to south Texas to take advantage of this amazing opportunity.
A (BRIEF) GEOLOGY LESSON
Eagle Ford is a sedimentary formation created in the late cretaceous era, more than 88 million years ago. Although the source rock is commonly called shale, it’s actually a composite. As much as 70% of the rock can legitimately be considered carbonate.
The 24 Eagle Ford counties stretch from north of Gonzales to the Webb County area near the U.S.-Mexico border, an area roughly the same size as West Virginia. Located beneath the Austin Chalk — a geological formation composed of chalk and marlstone — Eagle Ford is a formation known as a “source rock” which can be used for natural gas liquids, wet and dry gasses and oil.
The Eagle Ford area is seemingly impervious to the stress of natural fracturing, allowing companies to ensure that the resources below don’t escape the ground until they can be harvested. This fact alone makes the area stand head and shoulders above most of the rest of deposit-rich regions.
THE BENEFITS OF INVESTING NOW
Eagle Ford is a large area and, as of now, relatively undeveloped. It’s only been a power player for natural resources for the past five years, and the vast majority of land is still available. But it won’t last long.
In the first six months of 2013 alone, nearly three billion cubic feet of natural gas and 600,000 barrels of natural gas condensate – the liquids present in raw natural gas – and oil came out from the Eagle Ford…per day! That’s a 51% production increase from 2012.
In 2011, the total economic impact of Eagle Ford was estimated to be nearly $20 billion. Experts have hinted that this amount is set to increase dramatically, perhaps to as much as $96 billion, in the next eight to 10 years.
EAGLE FORD OUTLOOK
According to a study by the San Antonio Economic Development Foundation, by 2021, Eagle Ford could potentially support more than 80,000 jobs, generate $6 billion in salaries and contribute $1.6 billion in state revenue, making the area rich in far more than minerals. The economic benefit is a game-changer, and those who get in on the ground floor of this development are sure to reap the rewards.
Don’t miss this opportunity to make the investment of a lifetime and contact Ruple Properties today. Our agents are experts in commercial and industrial properties and have extensive experience in a wide range of Eagle Ford Shale property deals and developments.
Purchasing Eagle Ford Shale real estate now offers a fantastic chance at a prosperous future. You can buy a piece of land and explore it yourself, or sell the mineral rights to the countless companies and prospectors who will surely come calling. Either way, Eagle Ford is not the next gold rush…it’s even better!