Crude oil prices have weakened since 2022 but remain relatively strong, which enhances cash flow as production in the U.S. sets records. The West Texas Intermediate (WTI) crude oil price averaged $75.96 per barrel in the first quarter of 2023, a 20% ($19.21) decrease compared with the first quarter of…
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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.
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