Texas Petro Index from Texas Alliance of Energy Producers declined for the 23rd straight month in January 2021 to 131.5 from 134.3 the previous month and 191.9 a year ago in January 2020. The index – developed by petroleum economist Karr Ingham – is a measure of the state’s oil and gas industry based on a group of economic indicators (base 100.0 in January 1995). In the past year, oil price (monthly average) is down 12.3 percent, rig count down 57.3 percent, drilling permits down 55.7 percent, oil completions down 46.3 percent, oil production down 13.7 percent, and total oil and gas employment down 27.2 percent.