PetroIndex: Independents thriving on high oil, gas prices

The price for West Texas Intermediate crude oil posted prices has averaged $33.41/ bbl for the first half of this year compared with $28.15/bbl for the same time last year.The average price for the last 12 months was more than $30/bbl for the first time in the history of the Texas Alliance PetroIndex, sponsored by the Texas Alliance of Energy Producers, Wichita Falls, Tex.The index reflects a composite number of more than 20 Texas oil and gas production and exploration indicators. Click here to enlarge image"As opposed to previous periods in which prices for crude oil and natural gas spikedUthe current price scenario is one of measured, steady improvement over time, allowing for the ...

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