Petroleum Index continues to climb – Midland Reporter-Telegram

Recovering commodity prices have given a boost to the Permian Basin oil and natural gas industry as it recovers from the price decline that began in late 2014 and lasted through mid-2016. The July Texas Permian Basin Petroleum Index jumped 6 points from June to July and is 26.4 percent above the July 2017 index.
“What differentiates this from other cycles is it doesn’t look the same,” said Karr Ingham, the Amarillo economist who prepares the index.
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