Texas O&G Activity Increases for Second Straight Month

Oil Man Magazine| Tim McNally

According to Texas Petro Index (TPI), the upstream oil and gas economy in Texas continued to expand in January.

The Texas Alliance of Energy Producers released its January Texas Petro Index (TPI) on March 7. The group, which represents the interests of the O&G industry by ensuring energy-friendly policies in both state and federal governments.  showed that upstream oil and gas activity in Texas increased for a second straight month, rising to 153.3 in January from 150.6 in December. The release notes that the TPI for January 2017 was roughly 16 percent less than that seen in January 2016. It is also below the peak TPI seen in November of 2014, where the index hit 313.5.

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