Dallas Fed – Oil & Gas 360

Shale CEOs hesitant to begin new Permian drilling campaigns due to political uncertainty, Dallas Fed says

March 27, 2024

World Oil (Bloomberg) – U.S. oil prices are more than high enough to make drilling new wells profitable, but some shale bosses say they’re hesitant because of political and regulatory “uncertainty” that won’t be settled until the November election, according to the Federal Reserve Bank of Dallas. “Until the next administration is decided, we’re in a state of flux when

Oil and gas production decreased in the first quarter – Dallas Fed

March 27, 2024

BOE Report Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative and oilfield services

Exclusive: Federal Reserve Bank of Dallas at EnerCom Dallas-The Energy Investment & ESG Conference®

May 8, 2023

The Federal Reserve Bank of Dallas is one of a dozen institutions nationwide whose responsibility is implementing the monetary policy of the Federal Reserve System. Its responsibilities include reviewing price inflation and charting economic growth, as well as regulating the banks within its territory. About EnerCom, Inc. Founded in 1994, EnerCom, Inc. is an internationally recognized management consultancy advising companies

Dallas Federal Reserve: Oil and gas expansion accelerates as outlooks improve significantly

March 25, 2022

World Oil Publisher’s Note: The Dallas Federal Reserve will be presenting at EnerCom’s The Energy Investment & ESG Conference in Dallas on April 6-7, 2022. Register to join us. Activity in the oil and gas sector accelerated during first-quarter 2022, according to oil and gas executives responding to the Dallas Fed Energy Survey, which is punctuated with a number of

Uptick in prices lifts the mood in U.S. oil patch

June 23, 2021

Financial Post U.S. energy company executives polled by the Federal Reserve Bank of Dallas have an optimistic outlook driven by upticks in activity and a jump in oil prices, according to a survey released on Wednesday. Oil and gas producers are spending more money on projects and expect to raise that amount again next year, according to executives contacted by

Fed’s Kaplan said he expects an interest rate hike in 2022

March 23, 2021

CNBC Dallas Federal Reserve President Robert Kaplan told CNBC on Tuesday he likely will favor an interest rate increase before the end of 2022. Though he doesn’t see inflation becoming a problem anytime soon, the central bank official said he expects the economy to progress enough to allow for the Fed to start pulling back on the high levels of

Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going

February 2, 2021

CNBC Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects. President Joe Biden has proposed spending $1.9 trillion to provide more cash payouts and enhanced unemployment benefits to Americans, as well as a minimum wage hike, funding for vaccine programs and

Texas Economic Activity Sharply Falls in Wake of COVID-19

May 7, 2020

Dallas Fed Oil & Gas 360 Publishers Note: The entire country has been changed forever due to the shutdown. The Dallas Fed has some great numbers to review, but does not totally cover the impact of the oil prices and demand to our oil and gas companies. What about the rigs that have been pulled off line, let alone the thousands

Emerging-Market Economies Face COVID-19 and a ‘Sudden Stop’ in Capital Flows

April 14, 2020

Dallas Fed Emerging-market capital inflows dramatically declined in response to the rapid spread of the coronavirus (COVID-19). A rise in global risk at a time of investor risk aversion led to a rapid flight from emerging-market assets. While most aggregate capital flow data won’t be reported for months, we can get a timely snapshot of emerging-market capital flows by looking

U.S. energy sector cutting spending, jobs amid pandemic: Dallas Fed survey

March 25, 2020

Reuters The U.S. energy sector is slashing capital spending and jobs as business activity plunged and the outlook has turned “extremely pessimistic” amid the coronavirus pandemic, a survey by the Dallas Federal Reserve Bank of oil and gas companies showed on Wednesday. “A majority of firms have revised down their expectations for their firms’ oil production, capital expenditures and company

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

February 19, 2020

CNBC The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to cut capital spending by 10% to 15% in 2020. Rob Kaplan, president of the Fed district, said in an essay that the decline in oil production growth will have a substantial impact on the energy service companies. Some have already announced

Oilfield service firms have a bearish outlook for 2020: Dallas Fed

December 27, 2019

Reuters With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday in its quarterly energy survey. Oil and gas activity and employment dipped in the fourth quarter in the Dallas Fed region, which includes the largest U.S. shale field, the Permian Basin in

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