* FROM FEDERAL AGENCIES - Dallas Fed Energy Survey: Oil and Gas Sector Activity Plunges as Low Oil Prices, Coronavirus Take Toll
March 26, 2020
March 26, 2020
DALLAS, Texas, March 26 -- The Federal Reserve Bank of Dallas issued the following news release:
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- Many firms can't cover operating costs at current prices and almost none can profitably drill new wells
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Energy sector activity declined significantly in the first quarter, according to executives responding to the Dallas Fed Energy Survey.
The business activity index--the survey's broadest measure of conditions facing Elev . . .
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- Many firms can't cover operating costs at current prices and almost none can profitably drill new wells
* * *
Energy sector activity declined significantly in the first quarter, according to executives responding to the Dallas Fed Energy Survey.
The business activity index--the survey's broadest measure of conditions facing Elev . . .