Texas Energy Snapshot Continues 11-Month Collapse, No End Seen

摘要

For the past 11 months, the Texas Petro Index (TPI) has shown an industry reeling from the cumulative effects of the global downturn and, according to the economist who created the monthly snapshot of the Texas energy industry 20 years ago, there's no end in sight. The TPI declined for the 11th straight month in October, to 212.3, 32.2% less than in October 2014 when the index reached a record 313.2. And again, all TPI indicators decline in October except natural gas and crude oil production.