Texas Capital Texas Oil Index ETFOILT

On 27 July 2026, the Texas Capital Texas Oil Index ETF (OILT) traded flat at $28.50, its performance mirroring the cautious tone of oil markets amid mixed rig count data from Baker Hughes and lingering OPEC+ production uncertainty. The ETF, which launched in 2023 under SEC filing 333-260131, holds 30 energy equities with a median market cap of $4.2 billion, heavily weighted toward mid-cap drillers and pipeline operators rather than the iconic 'Texas-sized' giants its marketing evokes.

Despite its 'pure-play Texas oil' branding, OILT’s top holding is a Houston-based pipeline company accounting for 14.3% of assets, per Nasdaq data. Fees of 0.65% annually place it mid-tier among energy ETFs, though its 0.12% tracking error versus the Texas Oil Index it seeks to replicate-disclosed in a 12-page supplement-suggests execution lags behind ambition. Liquidity remains adequate but unremarkable, with average daily volume of 150,000 shares and a bid-ask spread of 0.15%.

The fund’s SEC filings emphasize 'geographic concentration risk' in Texas and New Mexico, yet its largest position is a company with pipelines stretching from Canada to the Gulf Coast. This dissonance reflects the tension inherent in ETF wrappers: the glossy pitch of 'energy dominance' collides with the reality of diversified, mid-cap exposure. No earnings or revenue figures were disclosed in recent filings, limiting transparency into the underlying equities’ fundamentals.

Technical indicators show OILT trading below its 50-day moving average of $29.20, though no specific support or resistance levels were identifiable from public charting sources. The source directs readers to upcoming SEC filings for portfolio turnover rates and any shifts in sector weightings. For now, OILT remains a curiosity-a fund that sells like a Texas oil rig but operates like a well-dressed pipeline ETF.