At the request of Rotarian, Bob Hurley, I was asked to bring a program about oil and gas to the Poteet Rotary Club for their Wednesday, August 14 meeting.
I called on Omar Garcia, president and CEO of South Texas Energy and Economic Roundtable (STEER) to speak to the Rotarians.
Garcia, an experienced industry leader and veteran in the economic development industry, provided an overview of STEER and discussed the oil and gas industry’s economic impact on South Texas.
Based in San Antonio, STEER serves as the bridge connecting the industry to South Texas communities. STEER works to ensure that all stakeholders throughout the Eagle Ford Shale region are able to effectively maximize opportunities in a responsible and collaborative way.
STEER facilitates and coordinates communication, education and public advocacy surrounding the production of energy resources in South Texas.
Garcia says, “As an organization, STEER works to ensure development of the Eagle Ford’s energy resources is accomplished in a manner that is mutually beneficial to the industry and communities throughout South Texas.”
STEER is committed to the protection, preservation and health of the environment, communities and individuals. To facilitate STEER’s focus on the environment and communities in which the industry operates, the organization works closely with industry representatives, local elected officials, regional stakeholders, academia, community members and media.
Today, the oil and natural gas industry is one of the region’s most fundamental economic drivers, and the Eagle Ford Shale presents an unprecedented economic growth opportunity for South Texas. In 2012, activity from the development of the Eagle Ford Shale resulted in a $61 billion total economic output and the creation of more than 116,000 jobs within the 20 surrounding counties in South Texas.
With this economic growth comes a need for increased housing, quality of life amenities and medical services, among other necessities. Meeting the needs of those who live and work within the Eagle Ford Shale presents an even larger potential for economic growth within South Texas.
A 2012 Economic Impact Study conducted by the University of Texas at San Antonio (UTSA), projects that by the year 2022 the Eagle Ford Shale could produce close to $89.4 billion in output and up to $41 billion in gross regional products.
From small towns, to economic powerhouses, the Eagle Ford Shale is and will continue to transform South Texas.
The South Texas Energy and Economic Roundtable is a not-for-profit association whose mission is to ensure that resource development in South Texas occurs to the mutual benefit of both the energy sector and communities in South Texas formed by some of the largest oil and gas operators in Texas, STEER is committed to coordinating and facilitating communications and public advocacy for a broad range of stakeholders interested in production of the energy resources available in South Texas.