Upload
keegan-richardson
View
28
Download
1
Tags:
Embed Size (px)
DESCRIPTION
Impact of Shale Play on Harris County October 23, 2014. Quentin Hart McCord Development, Inc. (713) 860-3035 [email protected]. Unconventional shale c ontinues to evolve. - PowerPoint PPT Presentation
Citation preview
Impact of Shale Play on Harris CountyOctober 23, 2014
Quentin HartMcCord Development, Inc.(713) [email protected]
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
Unconventional shale continues to evolveThe existence of large shale reserves is not new, but the methods of extracting the resources are and they are still evolving
Materials
Water treatments
Drilling methods
New Technology
Exploration tools
New Meanings
Cheap feedstock
Cheap industrial fuel
Petrochemicals
Gas fired power
LNG exports
Source: Wall Street Journal based on EIA data
Transportation
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
Harris County is feeling the impact because…(1) It’s the energy capital of the world – The synergies in the industry make it the best place to locate. Companies can find:
• The commodities
• Centers of trade & logistics
• A capable workforce (we need more!)
• Leading research & technology
• Business friendly policy
• Low cost of electricity
• Their vendors, suppliers and customers…
(2) The impact is far-reaching – A trickle down effect is benefiting numerous industries, notably:
• Distribution of Goods: More jobs = maturing end user market
• Industrial Service & Manufacturing: +$35B nearby energy capex = proliferation of service providers
+3.7 MM growth over 30 years!
Source: Houston-Galveston Area Council
Houston is headquarters to more than 3,600 energy-related establishments
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
A closer look at the supply chain effect…
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
Companies are growing, adapting, dividing, investing…
“Siemens bets big on shale with $7.6 billion Dresser-Rand Purchase”
“Southwestern Energy snaps up assets in Marcellus, Utica from Chesapeake”
“National Oilwell Varco Completes Spinoff of NOW Inc.”
“Shell’s Houston-based MLP launches IPO”
“FMC Technologies Makes A Play In Shale”
Corporate campus & headquarters consolidation underway
Expansion of Shell Woodcreek Campus underway
New office & distribution center recently completed
New real estate assets acquired through purchase
Constructing new corporate headquarters
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
Salary
Companies Working to Attract & Retain Top Talent
Education
And an interesting dynamic
• Houston has added more than three jobs for each lost in the recent recession
• Engineers per capita rank second only to Silicon Valley
• Younger generations have a differing expectations
• Good pay – Graduates of the South Dakota School of Mines & Technology earned more than Harvard grads in 2012
TrainingBenefits
The Skilled Workforce is Becoming a Key Focus for Companies
Mentoring
Companies are looking at new ways to differentiate their talent strategy
Wellbeing
Convenience
EnvironmentAccess
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
A facilities strategy evolving to meet new needs
InnovationCost
Space
ProductivityControlSecurity
+
Wellbeing
Convenience
EnvironmentAccess Consolidated campuses that are in
master planned environments and near great housing are best meeting these needs
Collaboration
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
Case study: Generation Park
4,000 master-planned acres
10 minute drive to IAH
15 minute drive to The Port
20 minute drive to Downtown
11,000 new homes being constructed next door
Great logistics: rail, tax-advantaged FTZ, & 5 interchanges to Beltway 8
Robust infrastructure – underground electric, offsite detention, water direct from the source
Sites with scale to accommodate any user
IMPACT OF SHALE ON HARRIS COUNTY OCTOBER 23, 2014
An environment to attract & retain talent
Bike Shop
Fitness Center
Crossfit Gym
Fitness Apparel
Healthcare & Imaging Center
Physical Therapy
Dentist
Dry Cleaning
Postal Service
Barber Shop
Child Development
Pet Care
Banking
Sandwich Shop
Full Service Restaurants
Coffee Shop
Breakfast Shops
Cafe
Cellular Services
Automotive Care
Computing Supplies
1MM SF office & industrial under construction
Quentin HartMcCord Development, Inc.
(713) [email protected]