Dallas Fed Energy Activity Index Jumps to 46.1, Highest Since 2022
Updated
Updated · Federal Reserve Bank of Dallas · Jun 25
Dallas Fed Energy Activity Index Jumps to 46.1, Highest Since 2022
3 articles · Updated · Federal Reserve Bank of Dallas · Jun 25
Summary
46.1 marked the Dallas Fed energy survey’s strongest business-activity reading since Q2 2022, up from 21.0 in Q1 as oil and gas expansion accelerated across the Eleventh District.
40.9 capital-spending and 15.0 oil-production indexes showed firms are investing and lifting output, while natural gas production barely moved at 3.7 and next year’s expected capex index fell to 0.
64.4 input costs for oilfield services and 43.7 lease operating expenses signaled intensifying inflation pressure, while supplier delivery times lengthened to 31.7.
29.3 for the overall company-outlook index stayed positive, but the split widened: E&P firms were upbeat at 48.2, while services firms remained cautious at -4.4.
$81 per barrel was the average year-end 2026 WTI forecast, and most executives still saw permanent Iranian restrictions on Persian Gulf crude exports as unlikely despite the conflict’s influence on prices and planning.