Corpus Christi Economy Booming, Despite Soft Oil Prices

SUGAR LAND--June 26, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Doom-and-gloom predictions following the collapse of oil prices in late 2014 have not come to pass, at least not yet and not in Corpus Christi, Texas. As West Texas Intermediate (WTI) prices have stabilized around $60 per barrel, roughly 45% below last year's peak, oil & gas production from the Eagle Ford Shale region has dipped only slightly, according to the U.S. Energy Information Administration (EIA) (Washington, D.C.). Industrial Info is tracking 63 active industrial projects in and around Corpus Christi valued at about $20.3 billion.

Within this article: Update on projects in Corpus Christi.

Additional companies: Cheniere Energy Incorporated (NYSE:LNG), Halliburton Corporation (NYSE:HAL).