Activity in the oil and gas sector was relatively unchanged in the first quarter of 2024, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index, the survey’s broadest measure of conditions energy firms in the Eleventh District face, was 2.0 in the first quarter, suggesting little to no growth during the quarter. The index was essentially unchanged from last quarter. Oil and gas production decreased in the first quarter, according to executives at exploration and production (E&P) firms. The oil production index moved down from 5.3 in the fourth quarter to -4.1 in ... (full story)