LNG

March 8 (LNGJ) - Texas monthly natural gas output was estimated at just over 639.6 billion cubic feet, a year-over-year decline of about 10 percent. With natural gas prices averaging $3.19 per thousand feet, the value of Texas-produced gas increased by about 29.7 percent to more than $2 billion, according to the Texas Petro Index. “The components of the Texas Petro Index continue to register mixed results as the transition from contraction to expansion plays out,” said Karr Ingham, creator of the TPI. “Crude oil and natural gas prices, the rig count, the number of drilling permits issued, and the value of oil and gas produced in Texas all registered increases, while oil and gas-well completions, the volume of oil and gas produced, and upstream employment continued to decline compared to a year ago,” he said.