Senator Cornyn and Congressman Cuellar Hold First Meeting of Texas Caucus on Shale Oil and Gas
Washington, August 8, 2013
Tags: Energy and Environment
Washington, D.C. – Senator John Cornyn (R-TX) and Congressman Henry Cuellar (D-TX28) co-chaired the first meeting of the Texas Caucus on Shale Oil and Gas (TCSOG). This caucus serves as a valuable, bi-partisan place to discuss issues surrounding shale production in Texas.
The University of Texas in San Antonio (UTSA) forecasted that development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact across a 20-county region in Central and South Texas during 2012. Additionally, it supported 116,000 jobs. In 2011, UTSA reported the region generated $25 billion in economic impact and supported 117,000 jobs. The study projects that the region will support 127,000 jobs and produce an economic impact of $89 billion for Texas in 2022.
“Oil and gas are the backbone of Texas’ economy and the shale oil boom has had an immense impact on business owners, towns, and cities throughout my District, TX-28, “said Congressman Henry Cuellar. “I look forward to working with my colleagues across the State to further develop this vital segment of our economy.”
The Caucus meeting included presentations from:
Members of the Caucus include Democrats and Republicans from the Texas delegation.