According to a study by the Center for Community and Business Research at the University of Texas at San Antonio Institute for Economic Development, the Eagle Ford shale area generated as much as $25 billion in economic output in 2011. One of the most successful regions in the recent increase in domestic oil, the Eagle Ford shale area supported more than 47,000 jobs, and local government has received some $257 million in revenue.
Statistics show that oil and gas activity in Texas is as high as it has been since 1980. In light of this discovery, Texas was the largest creator of jobs nationwide from the summer of 2009 to the summer of 2011, with 49 percent of all new jobs in the country created in the state. Many experts believe that this newly diverse state economy will further decrease foreign oil demand and a decrease in nationwide gas prices.