(The Center Square) – Activity in the oil and gas sector declined slightly in the third quarter of 2025, according to executives at exploration and production firms headquartered in Texas, northern Louisiana, and southern New Mexico, the Federal Reserve Bank of Dallas said in a quarterly survey released Wednesday.

The broadest measure of the conditions faced by the energy firms in the Eleventh District remained negative but rose from -8.1 in the second quarter of 2025 to -6.5 in the third quarter, the Dallas Fed reported. The Eleventh District accounted for about 59% of U.S. oil production in 2024, according to the U.S. Energy Information Administration.

The executives at 139 exploration and oil field services firms in Texas, Louisiana and New Mexico cited elevated global uncertainty and

See Full Page