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.
โ€œWhat differentiates this from other cycles is it doesnโ€™t look the same,โ€ said Karr Ingham, the Amarillo economist who prepares the index.
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