The Federal Reserve Bank of Dallas released the results of its Dallas Fed Energy Survey on Wednesday, revealing activity in the oil and gas sector was relatively unchanged in the first quarter of 2024.
The business activity index, the survey's broadest measure of conditions energy firms in the Eleventh District face, came in at 2.0 in the first quarter, suggesting little to no growth during the quarter. The index was essentially unchanged from the fourth quarter.
Oil and gas production decreased during the quarter, according to oil and gas executives responding to the survey, with the oil production index falling to a negative 4.1 in the first quarter from a positive 5.3 in the fourth quarter.
Meanwhile, the Dallas Fed said the natural gas production index turned negative, falling sharply to a negative 17.0 in the first quarter from a positive 17.9 percent in the fourth quarter.
The report also said costs increased at a slightly faster pace for both oilfield services and exploration and production firms.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.