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- LoopNet Team
649 Las Palmas Blvd
Cotulla, TX 78014
Eagle Ford Plaza · Property For Rent
PROPERTY FACTS
Property Type | Retail | Year Built | 2014 |
Property Subtype | Storefront Retail/Office | Parking Ratio | 8.59/1,000 SF |
Gross Internal Area | 9,900 SF |
Property Type | Retail |
Property Subtype | Storefront Retail/Office |
Gross Internal Area | 9,900 SF |
Year Built | 2014 |
Parking Ratio | 8.59/1,000 SF |
About the Property
Eagle Ford Plaza Strip Center is Centrally,Geographically and Strategically located at Eagle Ford Shale for Office , Medical and Retail . The Eagle Ford Shale oil field had an estimated economic impact of $123 billion in South Texas in the heyday of the oil boom .Eagle Ford has produced over 2 billion barrels of oil and condensate. Although drilling permits are down closer to 2010 levels, Eagle Ford remains one of the hottest shale plays in the country, according to U.S. Energy Information Administration data. There were 660 permits issued since January 2017, after a high of 5,613 in 2014, Total natural gas production remains high at 4,450 million cubic feet per day, and oil production is on track to exceed last year’s 927,006 barrels per day. And forecasts call for healthy production to continue. Oil companies expect to spend billions more next year on drilling wells and pumping oil across the United States, a financial boost for firms that sell tools and equipment, farm out crews for rigs and fracking fleets and employ thousands across Eagle Ford Texas. A survey released of more than 300 oil companies indicates the industry plans to boost U.S. oil field spending — the lifeblood of local oil field services companies — by 15 percent in 2018 to more than $100 billion.
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Listing ID: 12570294
Date on Market: 15/05/2018
Last Updated:
Address: 649 Las Palmas Blvd, Cotulla, TX 78014
The Retail Property at 649 Las Palmas Blvd, Cotulla, TX 78014 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.