Pessimism and uncertainty continue to weigh on the region’s oil and gas industry.
The Federal Reserve Bank of Dallas has issued its fourth quarter energy survey, reporting the industry remains in the doldrums, as observed by Kunal Patel, senior business economist at the bank.
Based on responses to the quarterly survey, analysts found oil and gas activity edged lower in the fourth quarter. The business activity index, the survey’s broadest measure of conditions facing energy firms, came in at negative 6.2, suggesting a small decline from the third quarter survey…