Economic Development in the Eagle Ford Shale - Today, the Eagle Ford Shale is the largest single oil and gas development in the world based on capital expenditures. Spanning more than 400 miles, the economic impact of this shale powerhouse is more than $87 billion to local economies in 2013 - including supporting more than 154,000 full-time jobs. These statistics and more explain why Texas has ranked number one in the country for number of employees in the oil and gas sector, around 39% of the nation. Economic development, workforce, education, and community opportunities will continue to build on the successes that the shale revolution has brought to the region. STEER President Omar Garcia will discuss the impacts of ongoing technological advancements in the areas of horizontal drilling, hydraulic fracturing, and water conservation. With a focus on collaboration and innovation, Garcia will demonstrate that the future is brighter than we may think for South Texas shale.
About the Speaker:
As President of the South Texas Energy & Economic Roundtable (STEER), Omar Garcia facilitates communication, education and public advocacy surrounding the production of energy resources in South Texas. STEER, based in San Antonio, serves as the bridge connecting the oil and natural gas industry to South Texas communities. STEER was established by 11 of the largest operators in the Eagle Ford Shale region including: Anadarko, Chesapeake Energy Corporation, ConocoPhillips, EOG Resources, Lewis Energy Group, Marathon Oil, Murphy Oil, Pioneer Natural Resources, Shell, Statoil and Talisman Energy. An experienced industry leader, Garcia is an expert on business opportunities associated with the Eagle Ford Shale. Garcia works directly with the oil and natural gas industry, local officials, community members, regional stakeholders, educational institutions and economic development organizations to ensure that the oil and natural gas industry in South Texas is advancing in a positive way that is mutually beneficial to both the community and the industry. Garcia is a former vice president of the San Antonio Economic Development Foundation. He has over 12 years of economic development experience in working for the Texas Governor’s Office, TIP Strategies, Corpus Christi Regional Economic Development, the City of San Antonio Economic Development Department, and the San Antonio Economic Development Foundation. In addition to his economic development experience, Garcia spent two years working for Bank of America as Vice President of Business Development for their Treasury Management division. In 2010, Governor Perry appointed Garcia to the Texas Economic Development Corporation. Garcia is a certified economic development finance professional through the National Development Council. He is a Graduate of St. Edwards University with a degree in International Business & Spanish.