(1888PressRelease) Brian K Alfaro of Alfaro Oil and Gas, a longtime leader in the industry, is committed to providing their partners with the highest quality oil and gas prospects available.
San Antonio, TX - Brian Alfaro, President of Alfaro Oil and Gas is thrilled that Alfaro Oil and Gas' developments in the Gonzales County area of the Eagle Ford Shale are helping to provide economic benefits to South Texas. A report published by the Dallas Federal Reserve Bank, titled "Oil Boom in Eagle Ford Shale Brings New Wealth to South Texas," states, "The oil boom's impact on jobs, income and spending in the region has been profound."
Brian Alfaro is proud that his company's involvement in the Gonzales County area of the Eagle Ford Shale is contributing the economic growth in the area. Along with Alfaro Oil and Gas, companies including Forest Oil Corporation, EOG Resources, Rosetta Resources, Chesapeake, Marathon, and Cabot are contributing to the oil boom through their involvement in the Eagle Ford Shale.
In December 2011, Brian Alfaro announced that Alfaro Oil and Gas had acquired approximately 450 acres in the exclusive and much sought-after Eagle Ford Shale. The acquisition allowed Alfaro Oil and Gas to provide turnkey drilling and testing and an average of over 120 feet of potential oil play. It is believed that the shale formation in South Texas has an estimated 3 Billion barrels of shale oil reserves that could add up to 420,000 BOPD to United States oil production.
It was later announced that Brian Alfaro and Alfaro Oil and Gas in their ongoing commitment to providing partners with the highest quality oil and gas prospects available intended to utilize advanced fracking techniques for the numerous environmental benefits as well as the considerable savings in completion time and improved efficiency. Alfaro Oil and Gas expects the Eagle Ford Shale project to earn 70% net revenue on associated leases.
The economic boom in South Texas detailed in a recent report published by the Dallas Federal Reserve Bank includes growth of 15.4% in seasonally adjusted retail sales in the 23-county area, sales tax revenue increases of 9.3%, and annualized growth in weekly wages of 14.6%. Alfaro Oil and Gas and Brian Alfaro are proud to be a part of the economic growth in South Texas as they work toward doing their part in increasing United States oil production while minimizing impacts on the environment.
About Alfaro Oil and Gas
Alfaro Oil and Gas is continually pursuing partnerships with other highly regarded companies to drill and develop potentially productive properties, giving them a clear-cut advantage on the competition.
For additional information, contact:
Alfaro Oil and Gas, LLC
21022 Gathering Oak, Suite 2103
San Antonio, Texas 78260
Brian ( @ ) alfaroenergycorp dot com