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Friday, August 22, 2014
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Last Updated: Thursday, August 21, 2014 16:14
Up to the Minute News
Escamilla: Burgos Basin will be 8 times bigger than Eagle Ford Shale
BORDER BUSINESS: Energy production in the Burgos Basin of northern Mexico will be eight times bigger than that of Eagle Ford Shale, says Del Mar College President Mark Escamilla. Escamilla gets a lot of information on what is happening in the oil and gas sector from officials at the Port of Corpus Christi and executives working in the 20-county Eagle Ford Shale region of South Texas.

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UTSA looking at economic potential of Mexican shale
SAN ANTONIO EXPRESS NEWS: The University of Texas at San Antonio has studied the economic potential of the Eagle Ford Shale in South Texas and the Cline Shale in West Texas. Now it’s looking at the Eagle Ford across the border. Thomas Tunstall, research director of the UTSA Institute for Economic Development, said the group plans to start a study of the Burgos Basin in Mexico.

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Perryman: The economic benefits of the oil industry
BORDER BUSINESS: The resurgence of the oil industry over the past few years has been dramatic. As I’ve mentioned in previous columns, production levels have reached totals not seen since the late 1980s and continue to increase.

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Cigarroa to attend groundbreaking for $54 million UT-RGV medical school building
HIGHER ED: Plans are in place for UT System Chancellor Francisco Cigarroa to visit the Rio Grande Valley next Tuesday for a groundbreaking ceremony for a new $54 million medical school building. While in the Valley, Cigarroa will sign a Memorandum of Understanding with Hidalgo County Judge Ramon Garcia, McAllen Mayor Jim Darling, Edinburg Mayor Richard Garcia, Mission Mayor Norberto “Beto” Salinas and Pharr Mayor Leopoldo “Polo,” Palacios.

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DHR announces $206 million expansion and 530 new jobs
BORDER HEALTH: Doctors Hospital at Renaissance looks set to secure $2.5 million in tax credits from the state Comptroller’s Office due to its latest expansion plans. The physician-owned hospital, which is morphing into a health system, is investing $206 million in new capital investment and creating 530 new jobs. Because of this DHR qualifies for a “Double Jumbo” designation under the Texas Enterprise Zone incentives program.

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