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Create XY Event Layer / Save to Layer file / Copy features to shapefile

Question asked by mbs7038 on Dec 11, 2013
Latest reply on Oct 2, 2014 by JoshAhmed
I am attempting this simple workflow. 

1) Adding an XY event layer of lat/lon points with z values from a text file. 
2) Save the event layer to a layer file.
3) Copy the saved layer file to a new shapefile or feature class in geodatabase.

Now, I know the event layer that is created when you use the "create XY features" tool is a temporary file.  I am having issues at the 2nd and 3rd step.  The script completes, BUT the new layer file and shapefile are nowhere to be found.  I have defined the
workspace path to my local machine but the files are not there after the script completes.  Any advice would be greatly

Here is my code :

# Description: Creates an XY Event layer and saves it to a layer file then copies
# the layer file to a shapefile

# import system modules
import arcpy
from arcpy import env

# Set environment settings
env.workspace = "C:\Users\mbs7038\Documents\ArcGIS\matDEM"

        # Set the local variables
        in_Table = "LatLonElev.txt"
        x_coords = "Lon"
        y_coords = "Lat"
        z_coords = "Elev"
        out_Layer = "ElevPts_layer"
        saved_Layer = r"C:\Users\mbs7038\Documents\ArcGIS\matDEM\ElevPts.lyr"

        # Set the spatial reference
        spRef = r("GCS_WGS_1984")

        # Make the XY event layer
        arcpy.MakeXYEventLayer_management(in_Table, x_coords, y_coords, out_Layer, spRef, z_coords)

        # Save to a layer file
        arcpy.SaveToLayerFile_management(out_Layer, saved_Layer)

        # Copy features to shapefile

        arcpy.CopyFeatures_management("C:\Users\mbs7038\Documents\ArcGIS\matDEM\ElevPts.lyr", "C:\Users\mbs7038\Document         s\ArcGIS\matDEM\ElevPts.shp")

    # If an error occurred print the message to the screen
    print arcpy.GetMessages()

print 'script complete!!!!!'