Texas Petro Index sets record for 7th straight month  Matt
Zborowski Staff Writer The Texas Petro Index (TPI), a composite
index based on a comprehensive group of upstream economic
indicators released by the Texas Alliance of Energy Producers
(TAEP), continued to produce record highs last month amid an
"economic tsunami." The June index reached 308.4, up 7.4%
compared with June 2013. It was the seventh straight monthly
increase and 18th rise in the past 19 months. Crude production
in Texas totaled 89.75 million bbl, 24.2% higher than the
previous June. The value of Texas-produced crude oil totaled
more than $9.1 billion, 37.1% more than the previous June.
During this year's first half, producers recovered 519.1 million
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