eagle ford shale
Eagle Ford Shale: Recent Upticks in Production and Lodging Performance
David R. Bone | July 19, 2023
By David R. Bone The Eagle Ford Shale market has faced rising costs, a frenzy of mergers and acquisitions, and recessionary concerns since late 2022. Nevertheless, drilling activity within the area has become profitable again for most oil and gas operators and lodging properties that house oilfield workers. The number of drilling permits issued for the Eagle Ford Shale between 2017 and 2019 averaged approximately 2,150 per year. Following the effects of the COVID-19 pandemic, this number plummeted to under 1,000 by year-end 2020. Similar trends were noted at hotels within the Eagle Ford Shale, with RevPAR registering significant decli...
Boom to Bust; Eagle Ford Shale Lodging Markets Update
Jonathan Jaeger, MAI | December 17, 2015
By Jonathan Jaeger and Robert Van Laer The current lodging industry fundamentals within the Eagle Ford Shale (EFS) markets have changed dramatically over the past twelve months. As previously discussed within the Hotel Rush! Texas Energy Lodging Markets 2014 article, the EFS is one of the largest single economic developments in the history of the State of Texas as a result of technological advances to allow for economically feasible domestic oil & natural gas production. In many rural areas throughout south Texas, demand for hotel rooms had been growing exponentially due to increased activity from drilling crews, land surveyors, eng...
