06202018Wed
Last updateTue, 19 Jun 2018 2pm

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End-User News

Texas Oil & Natural Gas E&Ps Up in January

Texas oil & gas producers are off to a strong start in 2018 with the Texas Petro Index (TPI) increasing for the 14th straight month by continuing to increase production in response to higher wellhead prices. At 192.7 in January, the TPI was 25% higher than in January 2017 when the TPI stood at 153.7 and up more than 30% than in November 2016 when the TPI stood at 148.2.

“The statewide upstream oil and gas economy remains in a state of expansion with generally favorable pricing, a slowly rising rig count, growing industry employment, and record crude oil production,” said TPI creator and author Karr Ingham. 

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