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Texas Petro Index

Petroleum Economist Karr Ingham presenting his Midyear 2014 Texas Petro Index, an assessment of the oil industry based on a number of economic metrics.
(For the Chronicle/Gary Fountain, July 24, 2014)

Karr Ingham: Oil crash “deepest and longest” in history of Texas Petro Index

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An index measuring the health of the Texas oil industry tumbled again in October for the 11th straight month as producers shut down additional rigs and more of the state’s oil and gas workers lost their jobs.
The Dallas Fed estimates the U.S. has lost 70,000 oil jobs during the 14-month price slump.

Oil crash job losses in Texas may be steeper than previously thought

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The number of oil and gas job losses may be thousands more than the Texas Alliance of Energy Producers initially projected.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Texas shed 28,300 oil and gas jobs since December

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The oil slump has claimed at least 28,300 oil and gas jobs in Texas since December as the industry continues to pare back amid the worst downturn in years.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Texas on track to beat 1972 oil production record

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Even as oil companies pare their spending budgets and pull back from some drilling activity, production in Texas has unexpectedly continued surging toward all-time highs, Karr Ingham, an economist for the Texas Alliance of Energy Producers, said Monday at his twice-per-year assessment of the state’s oil industry.
baker hughes walking rig

Texas Petro Index falls as oil and gas activity continues to suffer

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Every economic indicator measured by the index fell in January, the report indicated.
Categories: General
Karr Ingham (For the Chronicle/Gary Fountain)

Economist: Texas could lose hundreds more rigs

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A prominent oil economist says Texas could lose 50,000 upstream jobs as a result of low oil prices.
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Eagle Ford, Permian drilling production surges

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According to the Texas Petro Index, oil production in Texas rose almost 20 million barrels.

More Texans working for oil and gas companies

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The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham.
An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Texas’ oil and gas industry expands to near-record levels

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The Texas oil and gas industry is approaching records set in the 1970s, according to the latest Texas Petro Index.
(Rice University photo)

Texas crude production hits highest level since 1980

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An index that measures oil and gas activity in Texas reached a record level last month, bolstered by rising production and wellhead prices.