Can industry recovery last?
Even though there have been some bumps along the way, the oil and gas industry in Texas has been on a slow, methodical road to recovery during 2017. The pace of that recovery gained some considerable momentum in the second quarter of the year.
The Texas Petro Index (TPI) has increased every month since November’s low of 147.5 to 172.5 for the June TPI, which was released this week. That’s a 17 percent increase with almost all categories showing impressive year-over-year gains.
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