Ever since oil was discovered near Houston in 1901, the city has been the poster child for the boom and bust energy sector. And now, it also has the Eagle Ford shale line to help fuel growth.
The Eagle Ford shale, located about halfway between San Antonio and Brownsville Texas, is more than 400 miles long. Three years ago, energy companies were shuttling drillers about two hours each way to small-town sites along the line. That’s when San Diego-based DWOLV started seeking opportunities outside of its home town and zeroed-in on the area, buying Class C, value-add properties to rehab.
Read more...Texas Tea: Developers, Owners Follow Energy Pipelines - Multifamily Executive Magazine
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