Dallas Fed Survey Shows Less Gloom, but Still no Boom, in the Oil Patch

SUGAR LAND, TEXAS--October 12, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The outlook for oil and gas producers in Texas, northern Louisiana and southern New Mexico improved in the third quarter, according to the latest survey from the Dallas Federal Reserve Bank (Dallas, Texas). But the quarter-over-quarter improvement is largely because the just-completed quarter was being compared with the second quarter of 2020, an historically awful period when crude oil prices briefly dipped into negative territory.

Within this article: Outlook among oil and gas producers in Texas, northern Louisiana and southern New Mexico.