Texas Oil and Gas industry at peak performance

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Texas Oil and Gas industry at peak performance

The latest survey from the Federal Reserve Bank of Dallas shows the Texas Oil Industry at its highest level of operation since the survey started. 

Exploration, production, and oilfield services are all reporting strong numbers. But analyst Michael Plante says that doesn't mean completely smooth sailing.

He says, many executives worry limited crude oil pipeline capacity, problems finding workers and inflation boosting the cost of pipeline equipment could limit activity. 

 

(Photo :Shutterstock /Phanuwat_Nandee)

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