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Sat Feb 16, 2013, 09:32 AM

Tenaris announces $1.5B Eagle Ford pipe plant

http://www.mysanantonio.com/news/local_news/article/Tenaris-announces-1-5B-Eagle-Ford-pipe-plant-4282058.php



Welding crews are busy laying pipelines such as this one east of Karnes City, Texas in order to get oil and gas extracted from the Eagle Ford shale formation to market. Pipelines are critical because hauling by truck is more expensive.

Tenaris announces $1.5B Eagle Ford pipe plant
By Jeannie Kever
Updated 11:41 pm, Friday, February 15, 2013

BAY CITY — An international manufacturing company with operations around the globe said Friday it will build a $1.5 billion plant in Matagorda County — near the bustling Eagle Ford Shale — to produce piping for use in shale drilling operations throughout the United States.

Germán Curá, president of North American operations for Tenaris, said the company was convinced by the incentives offered by Gov. Rick Perry and local economic development officials — including a $6 million grant from the state's Texas Enterprise Fund — and by the workforce and infrastructure in Matagorda County, about 90 miles southeast of Houston.

The county's proximity to the Eagle Ford oil and gas play was a plus.

“It is one of the most promising fields in the industry,” Curá said. “The Eagle Ford has a lot to produce.”

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