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Texas Petro Index Slips For First Time In 30 Months
August 16, 2012
The Texas Petro Index, a composite gauge based on upstream economic indicators such as drilling permits, wellhead prices, rig count, completions and employment, fell slightly in June after 30 months of uninterrupted climb.
A Texas Alliance of Petroleum Engineers economist said that though drilling permit applications, rig count and industry employment remain strong, the combined declines ...
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