While 2024’s first quarter showed steady oil and gas activity, political and regulatory hurdles – most notably the administration’s recent pause on U.S. liquified natural gas (LNG) exports exports – have created widespread worry amongst exploration and production (E&P) firms. The recent Dallas Fed Energy Survey, conducted between March 13 and March 21 and
Read More...In the most recent Federal Reserve Bank of Dallas survey of energy executives, industry leaders expressed rising uncertainty about the future of oil and natural gas, along with increased input costs, supply chain bottlenecks, and labor shortages. However, despite their concerns, the majority of firms plan to increase capital spending in 2023. For the eighth
Read More...American shale production continues to dramatically reshape world energy markets—not only by lowering prices, but also by ensuring price stability, according to a new report by the Dallas Federal Reserve. From the report: “The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years.
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