The oil and gas sector in Texas remained strong through March according to the Dallas Fed’s new report. Prices for WTI crude oil rose slightly in March, staying close to $63 per barrel and oil production in the Permian Basin and Eagle Ford rose again. Employment spiked up in February and is at its highest level since late 2015, while U.S. LNG exports are at an all-time high and projected to increase further this year.
Prices up, dry gas production hits all-time high
The average WTI spot price edged up from $62.23/barrel in February to $62.72 ...

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