Texas lawmakers approved a plan to spend up to $225 million from the state budget to help fix stressed roads in the Eagle Ford Shale region of South Texas, the Houston Chroncile reports.
The bill funnels money from the state budget to the Texas Department of Transportation which will administer a grant program for the impacted counties. Increased oil production has brought on an exponential increase of traffic in some areas of South Texas.
?Help is on the way for these counties,? Sen. Carlos Uresti, D-San Antonio, said in a May 27 statement. ?Working in a bipartisan fashion, the Legislature has recognized that county roads are the gateway to the oil patch and must be maintained for the state?s oil boom to continue. With this bill, we are saving the goose that laid the golden egg.?
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County roads used for drilling oil and gas wells sustain the traffic equal to 8 million passenger vehicles, Uresti said in the statement.
?Some 5,400 wells have been permitted in the Eagle Ford Shale region alone, and it?s projected that 24,000 wells will be operating by 2022,? according to Uresti's statement.
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Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education.
Source: http://feedproxy.google.com/~r/vertical_16/~3/2Vw1n5JysLM/texas-approves-225m-to-fix-roads-in.html
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