Texas Petro Index Likely to Eclipse 2008 Peak

摘要

Houston - Oil and natural gas activity in the Lone Star State is on pace to eclipse the peak index achieved in 2008, according to a leading energy economist. Karr Ingham, creator of the Texas Petro Index, said levels have increased during the first half of the year and are 1.2% from matching the peak composite index achieved five years ago. Over the next four to six weeks, Texas oil and natural activity will reach the previous peak record, Ingham said. He bases his estimates on the stability of the Texas energy economy.