OGJ Newsletter

04/04/2005
General Interest—Quick TakesPetroIndex economist notes data levelingA leveling of index statistics from previous roller-coaster patterns is expected in the industry, according to an economist who prepares the Texas PetroIndex for the Texas Alliance of Energy Producers, Wichita Falls.Karr Ingham, president of Economic Reporting, Amarillo, said oil and natural gas prices are hovering at higher levels for longer periods than they did 10 years ago. But he stopped short of forecasting an end to cycles. The index is a monthly composite of more than 20 Texas oil and gas production and exploration indicators, based at 100 in January 1995. For December 2004, the index was 165. It climbed to ...
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