American Oil and Gas Reporter - November 2017 - 18

Texas Petro Index: 181.4
By Karr Ingham, Petroleum Economist

Crude Oil Price

Texas Petro Index January 1995 - September 2017

September 2017 Monthly Average

340.0

$102.90
$100.00

300.0
260.0

$50.00

240.0

$25.00

220.0
200.0
180.0

Aug 2001
143.0
Aug 2002
117.1

160.0
120.0

2013

2014

$41.91

$41.48

2015

2016

$46.06

2017

Natural Gas Price

Nov 1997
119.8
June 1999
83.8

140.0

$0.00

Sept
2017
181.4

Dec
2009
188.8

$89.57

$75.00

$/bbl

October 2008 - 287.6

280.0
INDEX (Base=100 Jan 1995)

$125.00

November 2014 - 314.1

320.0

HSC & Waha Physical Gas Prices

Nov
2016
148.2

September 2017 Monthly Average
$8.00

100.0

Texas Petro Index Indicators
September 2017

Oil Price/bbl (Mo. Average)
Oil Price/bbl (YTD Avg)
Natural Gas Price (First of Month Spot Index)
Gas Price (YTD Avg)
Rig Count (Month)
Rig Count (YTD Avg)
Drilling Permits (Month)
Drilling Permits YTD
Oil Completions (Month)
Oil Completions YTD
Gas Completions (Month)
Gas Completions YTD
Oil Production Volume (000's bbls/month)
Oil Production Volume (000's bblsYTD)
Oil Production Value ($000's Month)
Oil Production Value ($000'sYTD)
Gas Production Volume (000's MCF/month)
Gas Production Volume (000's MCF YTD)
Gas Production Value ($000's Month)
Gas Production Value ($000's YTD)
Total Oil & Gas Employment (Month)
Total Oil & Gas Employment (Avg YTD)
Oil and Gas Extraction Employment (Month)
Oil and Gas Extraction Employment (Avg YTD)
Oil and Gas Support Employment (Month)
Oil and Gas Support Employment (Avg YTD)

$
$
$
$

$
$
$
$

INDEX (Base = 100 January 1995)

Base Year
Sept 1995

16.55
16.83
1.45
1.39
262
250
859
8,448
226
3,098
233
2,849
44,521
414,095
736,814
6,971,012
468,842
4,268,186
679,821
5,939,028
127,420
127,130
73,500
73,590
53,920
53,540

97.4

$
$
$
$

$
$
$
$

Last Year
Sept 2016

41.48
37.89
2.88
2.21
244
224
746
5,576
430
6,596
155
1,682
92,655
871,046
3,842,859
32,915,241
657,357
6,204,963
1,889,900
13,701,542
192,025
200,210
90,900
94,320
101,125
105,890

149.4

Copyright © 2017 by Texas Alliance of Energy Producers. All rights reserved.

18 THE AMERICAN OIL & GAS REPORTER

$/mmBTU

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

$6.00
1995

80.0

$4.00

$3.45

$3.90
$2.59

$2.88

$2.79

2016

2017

$2.00

$
$
$
$

$
$
$
$

This Year
Sept 2017

46.06
46.13
2.79
2.60
453
425
903
9,531
318
4,235
101
777
103,425
898,086
4,763,586
41,371,006
639,433
5,877,749
1,784,018
16,885,095
222,925
208,745
93,800
92,010
129,125
116,735

181.4

% Change
09/16-09/17

11.1%
21.7%
-3.0%
17.3%
85.7%
89.7%
21.0%
70.9%
-26.0%
-35.8%
-34.8%
-53.8%
11.6%
3.1%
24.0%
25.7%
-2.7%
-5.3%
-5.6%
23.2%
16.1%
4.3%
3.2%
-2.4%
27.7%
10.2%

21.4%

$-

2013

2014

2015

Texas Drilling Permits Issued
YTD Through September 2017
25,000
20,000

19,732
16,558

15,000
10,000

8,313

9,531
5,576

5,000
-

2013

2014

2015

2016

2017

Texas Rig Count
Baker Hughes - September 2017
1200
1000

837

902

800
600

453

367

400

244

200
0

2013

2014

2015

2016

2017
American Oil and Gas Reporter - November 2017

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