Not long ago, many in South Texas wondered whether the Eagle Ford Shale was real or just a figment of some geologist’s imagination.
Now companies are talking about producing oil and natural gas for the next several decades in the region – but it was hard to see that projection coming, and even harder to figure out exactly what it meant.
Frank Brogan, managing director of the Port of Corpus Christi Authority, said at first it looked like the Eagle Ford would eliminate the need for the facility altogether.
The first wave of wells sent Eagle Ford oil to Corpus Christi refineries, which meant they didn’t need to import foreign oil through the port anymore. Total tonnage dropped. Valero Energy Corp.’s Three Rivers Refinery used to move 75,000 barrels per day through the port but suddenly needed nothing, said Brogan, who spoke Wednesday at the Eagle Ford Consortium’s annual conference in San Antonio.
“It’s kind of like a tsunami where it comes and sucks the water out before it floods your area,” Brogan said.
Read more: http://www.houstonchronicle.com/business/energy/article/Eagle-Ford-is-here-to-stay-industry-says-5425542.php