Oct 2 (LNGJ) - A dramatic upward revision of oil production in Texas combined in August with the strengthening price of natural gas, soon to be used for LNG exports, to propel the Texas Petro Index to a record high for the second straight month. "While still lower than during the gas-driven expansion of Texas exploration and production activity from 2003 to 2009, prices were solidly improved compared to year-ago levels," said Karr Ingham, the economist who created the Texas Petro Index and updates it monthly.
Texas index rises to record
Written by John McKay
Wednesday, 02 October 2013
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