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Pierson addresses Little Acorn Study Club on Eagle Ford Shale play
by Rita Arnst
Mar 31, 2013 | 1273 views | 0 0 comments | 9 9 recommendations | email to a friend | print
THREE RIVERS– Mike Pierson, the local voice on the effects of the Eagle Ford Shale boom with relation to Three Rivers addressed the Little Acorn Study Club on Thursday, March 21 at First United Methodist Church.

Pierson told the ladies several oil and gas related companies have poured billions into Live Oak County and the businesses are here to stay. According to Pierson, Marathon Oil Corporation has committed a 1.8 billion investment in the Eagle Ford Shale play region. Furthermore, 1/5 of all the rigs in the world are in the State of Texas. Drilling techniques are constantly evolving and the time expended toward drilling has diminished from 30 days to 15 days. “The Port of Corpus Christi is the 1/5 busiest in the country,” stated Pierson. “Originally, the port’s traffic was due to imports now, it is export of crude oil to barges headed for Louisiana. From there, they go to refineries.”

In addition to oil companies, peripheral businesses are thriving in Three Rivers. Restaurants are busy and the fast food establishments are having trouble finding help. “The McDonald’s and Dairy Queen have to import help from Beeville and Pleasanton. Jobs are plentiful, we just don’t have the manpower,” Pierson went on to say.

Through Pierson’s involvement with the Three Rivers Chamber of Commerce he has learned that Love’s Truck Stop at the north end of Three Rivers plans to expand. Pierson stated, area hotels have raised their rates 200% and are at 100% capacity. The increase in sales and hotel accommodations has also increased the City of Three Rivers coffers. “A few years ago, the city barely collected half-a-million dollars now we are at 1.2 million,” said Pierson.

In addition to added income for the city, we have several people that have suddenly became millionaires, jobs paying high wages, restaurants and hotels with more business that they ever expected and that is great. But, the downside is water or not enough water. Fracking requires water and we are committed to providing water for Valero and the Federal prison. We have to come up with a plan with reference to water because you can’t drink oil,” Pierson professed.

Pierson and his wife Diana moved to area seven years ago, the two have six grown children. Pierson was born and raised in southern California. While living there he attended trade school and worked as a polygraph examiner for 27 years.

Program Director for the LASC meeting was Lillie Mae Wieding. Hostess was Rita Arnst. The next meeting will be held on April 18 at the Amish Community in Beeville. Study club members should meet at FUMC at 3:15 p.m. to carpool.
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