CONTACT BROKER FOR A FULL OFFERING MEMORANDUM
The Cotulla Cabins is a 16-space Cabin and RV park located in Cotulla, Texas. Cotulla Cabins is situated on eight city lots near the central business district of town. Rental rates for cabins are $1,730 per month and includes maid service and utilities. RV pad rental rates are $450 per month. The property is serviced by city water and sewer. The demand for affordable housing in the area is substantial given the recent activity in the Eagle Ford Shale oil and gas fields.
About the Eagle Ford Shale: Article in the San Antonio Express 2/5/2013
Is the Eagle Ford for real?
"COTULLA - One of the biggest economic booms in the history of Texas is unfolding just a few hours north of the Rio Grande Valley. A gigantic geological formation called the Eagle Ford Shale is filled with oil and natural gas. It is creating countless new jobs in several south Texas counties."
"The formation covers 23 counties - from College Station to an area near Laredo. The Eagle Ford Shale generated $25 billion in revenue last year. It has created 47,000 full-time jobs."
"Oil and gas drilling and production have boomed so fast that companies can't find enough people to fill the jobs available. Most of those jobs require only a high school diploma. Free training is available for many positions."
Cotulla's population has more than doubled in the past couple of years. The boom is putting a strain on the roads. About 14,000 vehicles pass through the tiny downtown intersection every day. The town's city hall is overflowing with plans waiting approval for new subdivisions and hotels.
"RV parks can be found throughout the town. The cost to rent one space for a small RV starts at about $550 per month. A furnished one-room studio apartment runs about $325 per week, or $1,300 per month. In Cotulla, and across the Eagle Ford Shale, oilfield housing is everywhere. "
"...participants in the San Antonio Clean Technology Forum's Eagle Ford Forum II event...said the oil and gas development appears to be here to stay... "
"Lance Robertson, vice president of Eagle Ford operations for Marathon Oil Corp., said the South Texas fields are “almost without peer†in terms of productivity, and that operators will continue to work there even if oil prices drop."
Published on Tuesday, 05 February 2013 09:43 | Written by Melinda: http://www.mysanantonio.com/news/local_news/article/Is-the-Eagle-Ford-for-real
