San Antonio, TX, May 21, 2014 --(PR.com
)-- Brian Alfaro, an oil entrepreneur and San Antonio philanthropist, announced Wednesday that well production has increased and is expected to continue producing at impressive rates for years to come. The current star of Alfaro’s wells is his Legacy 1H well, based in the Barnett Shale Combo.
“Our Legacy 1H well has already produced 20,000 barrels of oil equivalent in a short amount of time,” says a spokesperson for Brian Alfaro. The oil entrepreneur predicts that the Legacy 1H will produce for another 30 to 40 years, making it a secure and healthy well for years to come.
Brian Alfaro also predicts that his company will increase their presence in the South Texas Eagle Ford Shale in the coming year. “We’re constantly looking at expanding and working on new projects. We’re very excited to release more information soon about our expansion projects in the Eagle Ford,” says Brian Alfaro’s spokesperson.
With increasing Eagle Ford exploration and drilling comes increasing profit to the Lone Star State. According to the Institute for Economic Development and a study by UTSA, the Eagle Ford has already contributed over $61 billion in its total economic impact. Across 20 counties in South and Central Texas the Eagle Ford has supported more than 116,000 jobs--a number which is rapidly on the rise.
“The Eagle Ford Shale is making Texas America’s number-one oil and gas producer. Every day we’re one step closer to total American energy self-reliance,” says Brian Alfaro’s spokesperson.