April 11, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Oil and gas companies operating in Texas and Louisiana have a bleak outlook, clouded by inflation, labor issues, softer commodity prices, bank failures, the federal government and environmental social and governance (ESG) advocates. The Dallas Federal Reserve Energy Survey's quarterly study of 147 oil and gas producers and service firms in the 11th Federal District, conducted March 15-23 and released March 29, showed a "stall" in growth compared to the fourth quarter of 2022, and diminished expectations for their companies this year.
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