Dallas Fed: Doubt, Uncertainty Continue to Slow Oil & Gas Activity

December 19, 2025--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)-- The fourth-quarter Dallas Fed Energy Survey released this week shows a continued negative vibe among oil and gas executives, but slightly improved from the previous quarter. The broadest indicator, the business activity index, came in at -6.2, little changed from the third quarter. And the company outlook index improved slightly from -17.6 in the third quarter to -15.2.