U.S. il and gas activity increased in the first quarter, Dallas Fed
ReutersMar 26, 2025 2:47 PM
HOUSTON, March 26 (Reuters) - Activity in the U.S. oil and gas sector increased slightly in first quarter of 2025, but uncertainty and pessimism among companies also rose, Dallas Fed survey showed.
Oil and gas production increased slightly in the first quarter 2025, the survey said, and costs among oilfield service firms increased at a faster pace in the first quarter of 2025 versus the fourth quarter of 2024.
Companies expect a West Texas Intermediate (WTI) oil price of $68 per barrel by the end of 2025 and natural gas prices to be at $3.78 per million British thermal units (MMBtu), Dallas Fed said.
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