Texas is known for its oil and gas. It proudly boasts the highest oil production rates in the country as well as being the sixth largest oil and gas producing region in the oil. With proven reserves of over 9.5 billion barrels and production rates as high as 5 million barrels yearly, it is no surprise you may be considering Texas a spot for your investing dollars. Here is a look at one of the cities in Texas with some of the leading oil and gas experts in the world.
San Antonio, Texas
San Antonio is known globally for its oil and gas sector. With companies such as Valero headquartered here, as well as being in close proximity to the Eagle Ford Shale, San Antonio has become a robust and vital location for oil and gas companies from around the world to establish themselves in the Texas oil and gas fields. Thought at first to be only a major player in natural gas, this city has proven it can handle oil and natural gas alike.
Oil and Gas in San Antonio
The oil and gas boom started in 1922 in San Antonio. A gas well was completed in the Carolina field that began producing over 41 million cubic feet per day. This confirmed to experts that the area had a very large presence of natural gas. By 1927, production had reached over 4 billion cubic feet daily. These numbers catapulted San Antonio into the spotlight as being a serious contender for gas companies to invest in the area.
Today in San Antonio
Previous thought to only contain natural gas, the Eagle Ford Shale has become the sixth largest oil field in the United States. Recent research studies have put the estimated recoverable reserves to be as high as 25 million barrels of oil and gas. Production rates are increasing almost daily; the Eagle Ford Shale has proven that San Antonio will continue to be a hub for the oil and gas industry for decades to come.
Investing in Oil and Gas
Some people hesitate to invest directly in oil and gas because some of their questions are often left unanswered. Worse, scamming brokers may just talk vaguely about the whole thing, often downplaying the risks and highlighting the benefits. The best arm of defense for any potential investor is knowledge. Oilinfo.org has created these tools and resources to help new and old investors alike become better prepared before entering any investing arrangements or terms.
Led by an author who capitalized more than 14 years on the movements in the oil industry through direct interaction with oil brokers, companies and other key persons, OilInfo.Org aims to provide you with education, awareness and knowledge in direct oil investing. Please perform due diligence before contacting anyone about an oil and gas investing strategy. Please check out our FREE Insider’s Guide and Legit Meter. These tools were created to help you make a more educated decision before handing over your investment dollars.