Skip to content

Dallas Fed Energy Survey

First Quarter |

Historical data are available from first quarter 2016 to the most current release quarter.

Business Indicators: Quarter/Quarter

Business Indicators: All Firms
Current Quarter (versus previous quarter)
IndicatorCurrent IndexPrevious Index% Reporting
Increase
% Reporting
No Change
% Reporting
Decrease

Level of Business Activity

13.8

–42.1

31.6

50.7

17.8

Capital Expenditures

–9.3

–46.6

21.2

48.3

30.5

Supplier Delivery Time

–11.3

–7.0

4.2

80.3

15.5

Employment

–19.7

–38.0

11.2

57.9

30.9

Employee Hours

–16.5

–26.8

15.1

53.3

31.6

Wages and Benefits

–18.4

–26.0

8.6

64.5

27.0

IndicatorCurrent IndexPrevious Index% Reporting
Improved
% Reporting
No Change
% Reporting
Worsened

Company Outlook

19.0

–24.5

39.4

40.1

20.4

Business Indicators: E&P Firms
Current Quarter (versus previous quarter)
IndicatorCurrent IndexPrevious Index% Reporting
Increase
% Reporting
No Change
% Reporting
Decrease

Level of Business Activity

12.0

–38.7

29.9

52.2

17.9

Oil Production

–19.7

–49.4

19.7

40.9

39.4

Natural Gas Wellhead Production

–24.7

–47.8

13.8

47.7

38.5

Capital Expenditures

–21.2

–53.4

15.2

48.5

36.4

Expected Level of Capital Expenditures in 2017

25.4

–14.6

44.8

35.8

19.4

Supplier Delivery Time

–12.9

–8.5

1.6

83.9

14.5

Employment

–28.3

–34.7

7.5

56.7

35.8

Employee Hours

–26.9

–17.3

10.4

52.2

37.3

Wages and Benefits

–18.0

–22.7

10.4

61.2

28.4

Finding and Development Costs

–37.9

–50.0

3.0

56.1

40.9

Lease Operating Expenses

–31.3

–48.7

4.5

59.7

35.8

IndicatorCurrent IndexPrevious Index% Reporting
Improved
% Reporting
No Change
% Reporting
Worsened

Company Outlook

34.3

–11.1

48.4

37.5

14.1

Business Indicators: O&G Support Services Firms
Current Quarter (versus previous quarter)
IndicatorCurrent IndexPrevious Index% Reporting
Increase
% Reporting
No Change
% Reporting
Decrease

Level of Business Activity

15.3

–45.0

32.9

49.4

17.6

Utilization of Equipment

–1.2

–52.9

21.7

55.4

22.9

Capital Expenditures

0.0

–41.1

25.9

48.2

25.9

Supplier Delivery Time

–10.0

–5.8

6.3

77.5

16.3

Lag Time in Delivery of Firm's Services

–7.5

–7.2

2.5

87.5

10.0

Employment

–13.0

–40.7

14.1

58.8

27.1

Employment Hours

–8.3

–34.8

18.8

54.1

27.1

Wages and Benefits

–18.8

–28.9

7.1

67.1

25.9

Input Costs

–15.5

–30.7

14.3

56.0

29.8

Prices Received for Services

–32.1

–58.3

9.9

48.1

42.0

IndicatorCurrent IndexPrevious Index% Reporting
Improved
% Reporting
No Change
% Reporting
Worsened

Company Outlook

6.5

–35.6

32.1

42.3

25.6

Price Expectations

Price Expectations: Firms
IndicatorCurrent IndexPrevious Index% Reporting
Higher
% Reporting
Same
% Reporting
Lower

Expected Oil Price a Year from Now

72.4

74.1

73.7

20.4

1.3

Expected Natural Gas Price a Year from Now

51.0

43.3

53.0

38.3

2.0

Price Expectations: E&P Firms
IndicatorCurrent IndexPrevious Index% Reporting
Higher
% Reporting
Same
% Reporting
Lower

Expected Oil Price a Year from Now

73.1

74.3

76.1

17.9

3.0

Expected Natural Gas Price a Year from Now

60.6

48.6

63.6

28.8

3.0

Price Expectations: O&G Support Services Firms
IndicatorCurrent IndexPrevious Index% Reporting
Higher
% Reporting
Same
% Reporting
Lower

Expected Oil Price a Year from Now

71.8

73.9

71.8

22.4

0.0

Expected Natural Gas Price a Year from Now

43.4

39.1

44.6

45.8

1.2

Business Indicators: Year/Year

Business Indicators: All Firms
Current Quarter (versus same quarter a year ago)
IndicatorCurrent IndexPrevious Index% Reporting
Increase
% Reporting
No Change
% Reporting
Decrease

Level of Business Activity

–41.4

–68.9

21.4

15.9

62.8

Capital Expenditures

–53.1

–66.9

16.1

14.7

69.2

Supplier Delivery Time

–20.0

–10.4

6.7

66.7

26.7

Employment

–42.0

–51.2

9.7

38.6

51.7

Employee Hours

–38.5

–41.5

10.5

40.6

49.0

Wages and Benefits

–37.2

–34.4

9.7

43.4

46.9

IndicatorCurrent IndexPrevious Index% Reporting
Improved
% Reporting
No Change
% Reporting
Worsened

Company Outlook

–17.0

–60.0

31.1

20.7

48.1

Business Indicators: E&P Firms
Current Quarter (versus same quarter a year ago)
IndicatorCurrent IndexPrevious Index% Reporting
Increase
% Reporting
No Change
% Reporting
Decrease

Level of Business Activity

–32.3

–67.1

24.6

18.5

56.9

Oil Production

–36.0

–48.7

20.3

23.4

56.3

Natural Gas Wellhead Production

–30.6

–37.1

19.4

30.6

50.0

Capital Expenditures

–55.5

–64.4

15.9

12.7

71.4

Expected Level of Capital Expenditures in 2017

–19.0

–32.9

27.0

27.0

46.0

Supplier Delivery Time

–18.4

–14.5

3.3

75.0

21.7

Employment

–35.4

–50.0

10.8

43.1

46.2

Employee Hours

–25.0

–31.5

14.1

46.9

39.1

Wages and Benefits

–30.8

–23.3

9.2

50.8

40.0

Finding and Development Costs

–57.8

–67.2

3.1

35.9

60.9

Lease Operating Expenses

–53.1

–62.2

7.8

31.3

60.9

IndicatorCurrent IndexPrevious Index% Reporting
Improved
% Reporting
No Change
% Reporting
Worsened

Company Outlook

–3.2

–47.8

36.1

24.6

39.3

Business Indicators: O&G Support Services Firms
Current Quarter (versus same quarter a year ago)
IndicatorCurrent IndexPrevious Index% Reporting
Increase
% Reporting
No Change
% Reporting
Decrease

Level of Business Activity

–48.7

–70.4

18.8

13.8

67.5

Utilization of Equipment

–56.4

–76.2

9.0

25.6

65.4

Capital Expenditures

–51.2

–69.0

16.3

16.3

67.5

Supplier Delivery Time

–21.4

–7.1

9.3

60.0

30.7

Lag Time in Delivery of Firm's Services

–18.7

–13.7

4.0

73.3

22.7

Employment

–47.5

–52.3

8.8

35.0

56.3

Employment Hours

–49.4

–50.0

7.6

35.4

57.0

Wages and Benefits

–42.5

–43.7

10.0

37.5

52.5

Input Costs

–47.4

–45.3

9.0

34.6

56.4

Prices Received for Services

–56.6

–70.9

9.2

25.0

65.8

IndicatorCurrent IndexPrevious Index% Reporting
Improved
% Reporting
No Change
% Reporting
Worsened

Company Outlook

–28.4

–69.9

27.0

17.6

55.4

Questions regarding the Dallas Fed Energy Survey can be addressed to Michael Plante at Michael.Plante@dal.frb.org or Kunal Patel at Kunal.Patel@dal.frb.org.

Sign up for our e-mail alert to be automatically notified as soon as the latest Dallas Fed Energy Survey is released on the web.