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STS - Dallas Fed survey shows oil & gas activity declines in Q3 - October 17, 2019
Oil and gas sector activity in the 11th Federal Reserve District, which covers Texas, northern Louisiana and southern New Mexico, declined in Q3, according to a survey of 108 E&P companies and 55 service providers by the Dallas Fed. The business activity index fell to -7.4 in Q3 from -0.6 in Q2. Negative survey readings indicate contraction; those above zero suggest expansion. Oilfield services firms drove the decline, with their business activity index slumping......
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