Natural gas production has reached record levels in the United States thanks to the Eagle Ford and other shale plays. Although natural gas prices are trading near 10-year lows, producers are finding new markets and outlets for the clean-burning fuel, cheap natural gas from the Eagle Ford has created conditions allowing for billions of dollars of investment around South Texas … [Read more...] about Eagle Ford shale fueling growth of Texas Gulf Coast
Corpus Christi
Construction booms across Port Aransas
Construction continues to steam along in Port Aransas. City records show development moving at a brisk rate. Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, people wanting to have a part of Port Aransas and come and enjoy it”. Many buyers are longtime Port Aransas residents who see a … [Read more...] about Construction booms across Port Aransas
Corpus Christi Sees Eagle Ford Shale Benefits
Corpus Christi is seeing explosive economic growth from Eagle Ford Shale. More than $3.8 billion in projects are under construction at the Port of Corpus Christi, with $12 billion more in the permitting phase. Projects include: A $10 billion Cheniere Energy Inc. natural-gas liquefaction plant, handling shale product. Trafigura is undergoing a $500 million expansion of … [Read more...] about Corpus Christi Sees Eagle Ford Shale Benefits
Oil Spill Money Helps Texas Protect Coast
Money paid by BP and Transocean to settle criminal penalties arising from the 2010 Deepwater Horizon oil spill has helped Texas close the largest conservation land purchase in the state's history: Just over 17,000 acres of undisturbed coastal prairie in Calhoun County for $50 million. The Texas Parks and Wildlife Foundation (the non-profit fundraising arm of the state’s parks … [Read more...] about Oil Spill Money Helps Texas Protect Coast
Housing prices rise, inventory shrinks in Corpus Christi – report
The Corpus Christi Caller-Times reports that the coastal city's robust housing market shows no signs of slowing, but affordable homes are in short supply. The inventory of vacant homes in Corpus Christi is one fourth the size it was just three years ago, but asking prices have climbed 19 percent over the same period, said Warren Andrich, president and CEO of the Corpus Christi … [Read more...] about Housing prices rise, inventory shrinks in Corpus Christi – report