Happy Thursday
Did anyone happen to read The
Houston Chronicle’s Business Section on October 1, 2025, their article titled,
“Oil, gas firms bemoan ‘deafening chaos’ of industry in responses to latest
survey”? In the article they refer to the
quarterly survey results from the Federal Reserve Bank of Dallas which were published
recently, and they showed activity slowing in the upstream of oil and gas in the
Midwest region of the country. Every
quarter the Federal Reserve Bank of Dallas has surveys for Midwestern oil and
gas management to answer and the results for this quarter weren’t
optimistic. The survey is looking for
the well-being of upstream of the oil and gas industry or exploration and
production (E&P) in the Midwest. The
current political climate with their ‘Drill Baby Drill’, low oil prices, increased
costs, tariffs, and poor attitudes around the globe have them spinning their wheels
and frustrated. In addition to their
survey answers, they were allowed to leave confidential feedback in another
area of the survey and many of the respondent’s answers reflected their company’s
annoyances and growing uneasiness with the current and previous administration
and happenings around the globe. The
respondents acknowledged delays in capital project budgets due to the poor
price of oil and the current administrations lack of understanding companies do
not want to invest in growth with $40 a barrel. We wish them luck navigating this new administration
and making the break- even price of $65 a barrel (or at least this use to be
the price according to a Speaker at the Greater Houston Port Bureau Commerce Club
Luncheon)! If you would like to read
more of The Houston Chronicle article, please click the link: Oil and gas firms are largely pessimistic, Dallas Fed survey finds.
If you would like help in looking
into how to transport your product efficiently, safely, and with less of a
carbon footprint or just find out what is underneath your feet to help with
your emission reduction goals, contact us via email in the Blog and check out
our ESC website!
We hope you have a wonderful evening!
**Disclaimer: You may be charged a fee to read The
Houston Chronicle’s article. **