"The capital markets for oil and gas remain extremely difficult."
The Dallas Fed's Fourth Quarter Energy Survey, released today, portrays an industry that is turning increasingly somber. The data is based on responses of executives (names are not disclosed) of 170 energy companies - 111 exploration and production (E&P) companies and 59 oil field services companies - located or headquartered in the Dallas Fed's district, which covers Texas, northern Louisiana, and southern New Mexico and includes the most prolific shale oil-and-gas field in the US, the Permian Basin.
This time, there were additional questions,