Posted April 3, 2012 by Rogers Healy

America's Healthiest Housing Markets Fueled by Oil

Dallas, Midland, Tulsa, Billings, Oklahoma City, and Corpus Christi are all booming with new oil production, all made HomeValueForecast.com's top ten list of March markets, and all missed the housing boom and bust. Coincidence?

America's pain at the pump is creating low unemployment rates and higher property values in oil centers. New fractioning techniques are making shale oil formations like the Eagle Ford Shale in Texas more accessible.

The Eagle Ford Shale oil field stretches for 400 miles across most of southern Texas producing both natural gas and oil.  Some analysts say that Eagle Ford could produce energy and jobs for decades.

Total wells drilled in Texas in February were up 85 percent over a year ago and that could just be the start. With horizontal drilling and fracking techniques pioneered by the natural gas industry being applied to shale oil fields, Texas is on the verge of a second oil boom.

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