Crude oil prices increased from $59.62 per barrel in April 2015 to $60.25 per barrel in May 2015. Natural gas prices also increased from $2.56 per million BTU in April 2015 to $2.78 per million BTU in May 2015.
Texas crude oil production for May 2015 was 75,309,757 barrels, down from 77,472,269 barrels reported in April 2015. Texas natural gas production was 639,101,169 Mcf (thousand cubic feet) of gas in May 2015, down from the April 2015 natural gas production total of 661,025,675 Mcf.
Source: EIA, Texas RRC
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Dwight Steward, Ph.D.
Dr. Steward regularly writes and speaks on topics involving business and individual economic damages, employment audits, and the analysis of payroll and time data in wage and hour investigations. Dr. Steward has also held teaching positions at The University of Texas-Austin in the Department of Economics and in the Red McCombs School of Business, The College of Business at Sam Houston State University, and at The University of Iowa. He has taught numerous courses in statistics, corporate finance, labor economics, business policies, managerial economics, and microeconomics.
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