Oil and gas activity index hits 6-year high in Q1 in bullish harbinger for growth

Exploration and production firms operating in the Dallas Fed’s Eleventh District are reporting broad increases in business activity in first-quarter 2022, potentially signaling future growth in oil and gas production from the region’s major basins including the Permian, the Eagle Ford and the Haynesville. In a survey report published March 23, improved sentiment among oil and gas executives led a…