Dallas Fed: Oil and gas activity slips in Q2 as production, employment and margins weaken

Jack Burke Senior Editor, Compressor Tech2

July 02, 2025

Tariff hikes, price pressures and produced water concerns weigh on industry outlook

The U.S. oil and gas sector contracted modestly in the second quarter of 2025, with drilling activity, production, and employment all declining amid growing uncertainty, according to the latest Dallas Fed Energy Survey. The quarterly report, which reflects responses from 136 energy firms operating in Texas, northern Louisiana, and…

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