Texas Petro Index

Texas E&P Activity, Employment Expanding on Strengthening Natural Gas, Oil Prices

Texas E&P Activity, Employment Expanding on Strengthening Natural Gas, Oil Prices

The upstream oil and natural gas economy in Texas is finally signaling a new cycle of expansion in activity following the double-barrel contraction in 2019 and 2020, according to economic indicators. The Texas Petro Index (TPI), created and overseen by petroleum economist Karr Ingham of the Texas Alliance of Energy Producers, through June had increased…

July 28, 2021
Texas Oil, Gas Steadily Recovers as Industry Jobs Return, Crude Supply Steadies

Texas Oil, Gas Steadily Recovers as Industry Jobs Return, Crude Supply Steadies

The Texas oil and natural gas industry is poised to find its “cyclical trough” early this year, according to one of the state’s leading industry groups.  The state’s share of total U.S. oil production had grown to roughly 42% in 2019, and by the end of 2020 its share was up to 44%, according to…

February 2, 2021
Texas Oil, Gas Economy Shrinks as Drilling Activity, Jobs Decline

Texas Oil, Gas Economy Shrinks as Drilling Activity, Jobs Decline

The Texas upstream oil and gas economy remained in contraction through the first nine months of the year, with the near-term outlook murky, according to a top state energy group. The Texas Alliance of Energy Producers (TAEP), which serves more than 3,000 members, said the Texas Petro Index (TPI) for September indicated the exploration and…

November 4, 2020
Texas Oil/NatGas Industry Posts Fourth Straight Month of Recovery

Texas Oil/NatGas Industry Posts Fourth Straight Month of Recovery

The Lone Star State’s oil and natural gas industry is back in another growth cycle after a three-year downturn, according to the economist who compiles the Texas Petro Index (TPI), a barometer of industry activity.

April 19, 2017