1. Fuel Fix
-- "Robust drilling activity in the Eagle Ford Shale is rescuing the state’s lodging sector
. San Antonio-based Source Strategies says in its newest Hotel
Brand Report that hotels in the counties with the most oil-and-gas
production were responsible for 75% of the $151.3 million in
additional revenues hotels produced statewide between the first quarter
2011 and the first quarter this year. That occurred even though those oil-and-gas-rich areas account for
only 38% of the 395,100 hotel rooms in Texas. The rest of the
hotel sector recorded insignificant revenue gains of 3.2%.
“The economic impact of oil and gas is huge,” said Bruce Walker, president of Source Strategies."
2. Corpus Christi
"The sales tax revenue bump generated by Eagle Ford Shale production
could have a positive effect on local governments’ creditworthiness
according to analysis by a noted rating agency.
A study by Moody’s Investor Service showed increased revenues could
have a “credit positive” effect on bond ratings for 61 entities Moody’s
rates across a 20-county region of South Texas impacted by Eagle Ford
MP: Welcome to the new Bakken.....