Oil price is increasing steadily amid a decline in US crude inventories after a massive drop of crude supplies from Canada. EnerJex Resources Inc(NOSEAMERICAN:ENRJ) is a Texas-based energy company. This company focuses on oil and gas operations based in Kansas, Colorado, Nebraska, and Texas. The company is narrowing its losses for the last four quarters. The stock is down over 3% since the start of this year. EnerJex management is cutting costs to offset the damage done by declining oil prices.