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Texas Petro Index

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

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

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

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

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

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

More Texans working for oil and gas companies

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

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

An index that measures oil and gas activity in Texas reached a record level last month, bolstered by rising production and wellhead prices.
Economist Karr Ingham created the Texas Petroleum Index, speaks on July 24, 2014 about the state's oil and gas economy. (Emily Pickrell/Houston Chronicle)

Texas oil boom could be nearing slowdown, economist says

While soaring production made 2013 a landmark year for Texas oil and gas, there are signs that a slowdown is approaching, according to economist Karr Ingham in a presentation Wednesday.
Pumping units active at Carrizo wells in LaSalle County. (Carrizo Energy)

Texas oil and gas activity sets index record

Strong crude oil prices and improving natural gas prices helped boost the Texas Petro Index to 289.8, a record level that beat the old record, set in July, of 288.2.