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Permian oil, gas industry maintains growth momentum

The Permian Basin's petroleum economy continued to expand in July, with the Texas Permian Basin Petroleum Index up six points from June and 26.4% above its level a year prior, according to economist Karr Ingham, who creates the index. Since July 2017, oil and natural gas employment rose 25% year-on-year to 40,520, the rig count was up 18.9% to an average of 378, and well completions increased 29.6% to 429.

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