Despite low oil prices, Mexico will move forward on pipeline initiatives that will impact the Eagle Ford in Texas. Jumping on the opportunities afforded by the new energy reform measures, the state power company (CFE) has initiated an aggressive construction campaign that includes $3.3 billion to be spent on 12 natural gas and electricity projects. The state power company … [Read more...] about Oil and Gas Pipelines Cross Texas-Mexico Border
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
Gulf Coast states have virtually eliminated imports of light crude oils from foreign countries due to booming U.S. oil production from hydraulically fractured wells over the country’s shale plays. Gulf Coast states like Texas and Louisiana used to import as much as 1.3 million barrels per day of light, sweet crude oil — more than any other region of the country, according to … [Read more...] about Gulf Coast States No Longer need to Import Oil
What thrived during the Texas coast recession is a story how two developers came out smelling like a rose. This study is about the lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms to hit the Texas coast in history. A silver lining from the unfortunate times the region experienced from 2008 to 2012, and a … [Read more...] about What thrived and dived during the Texas coast recession?
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