Texas Petro Index by petroleum economist Karr Ingham declined for the sixth straight month in August. The index opened the year at 212.5 and climbed to a 2019 high of 213.2 in February before falling later to 205.5 in July and 202.9 in August (base 100 in January 1995). The index is based on a comprehensive set of industry economic indicators. Ingham said monthly average oil price declined 20.2 percent in August 2019 compared to August 2018. Other declines in the past year were posted for natural gas price (first of month spot index), rig count, drilling permits, oil completions, and total oil and gas employment. Ingham said crude oil production grew by 10.5 percent from August 2018 to August 2019.