Shale Oil & Gas Business Magazine is a publication that showcases the dynamic impact of the Texas energy industry. The mission of SHALE is to promote economic growth and business opportunities and to further the general understanding of how the energy industry contributes to the economic well-being of Texas and the United States as a whole. Shale’s distribution includes industry leaders and businesses, service workers, entrepreneurs and the public at large.
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The South Texas Energy & Economic Roundtable (STEER) is encouraged by the news that ExxonMobil and SABIC have chosen to build a multibillion-dollar plastics manufacturing facility along the Texas Gulf Coast. This project is a once-in-a-lifetime opportunity for the region to create high-paying jobs and increase the tax base for area communities and school districts.
South Texas has been blessed with the benefits from the Eagle Ford Shale, and this project will utilize natural gas from neighboring counties. The economic development and jobs created along the Gulf Coast have transformed the region. As a region, we welcome the 600 permanent jobs with annual salaries of $90,000 and $72 billion of economic gains to the state and local communities.
The oil and gas industry makes safety and environmental sustainability a priority. Both ExxonMobil and SABIC are industry leaders when it comes to safety and protecting the environment. The protection of the environment and the safety of those working and living near the facility during all phases of the project is of the utmost importance to ExxonMobil and SABIC. Together, these companies will deploy the best technology available to protect the public health, safety and the surrounding environment.
ExxonMobil and SABIC are committed to open communication with the community, informing them on project progression and making positive contributions to the quality of life in the area. This industry has a proven track record of coming together and working with community stakeholders to ensure that all concerns are alleviated.
As a region that is built upon the technologically driven oil and natural gas industry, I urge South Texans to embrace this opportunity. We must work together to ensure future tax revenue, secure job opportunities and sustain the economic growth that the industry has brought to South Texas.
About the author: Omar Garcia is the President and CEO of the South Texas Energy & Economic Roundtable, STEER. STEER connects the oil and gas industry to South Texas communities, facilitating and coordinating communication, education and public advocacy surrounding the production of energy resources in South Texas.