Texas Petro Index

The upstream natural gas and oil industry in Texas is at risk of slowing in part as natural gas prices have plunged by more than 160% year/year, according to the Texas Alliance of Energy Producers (TAEP). NGI’s spot natural gas price at the Henry Hub was $2.090/MMBtu at the start of April, down more than…

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…

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…

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…

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.