Texas E&P Industry Records Stinging Losses in April as Covid-19 Strips Jobs, Permitting and Production

摘要

Texas oil and gas activity sufered a bloodbath of sorts in April as the state began to register the full efects of the Covid-19 lockdowns, with upstream jobs tumbling to the largest monthly decline on record, the Texas Alliance of Energy Producers said Wednesday. The statewide oil and gas associa- tion’s benchmark Texas Petro Index (TPI) fell to 172 in April from nearly 181.9 in March, the second largest monthly decline on record. The worst month/month decline was September to October 2015, when the TPI fell by 11 points during the 2014-2016 oil price collapse.