Texas winter deep freeze broke refining, petrochemical supply chains
It may take the Texas petrochemical industry until year-end 2021 to fully recover from the record cold that triggered power outages and supply disruptions in mid-February.
June 18, 2021
Oil patch productivity rises; jobs vanish
After major oil price busts in 2014 and 2020, the same engineering prowess that helped the oil and gas industry thrive has been driven to find efficiencies to lower operating costs.
June 18, 2021
Dallas Fed Economics
Central bankers need to take note of transition to clean energy
The path from traditional energy sources to alternative sources with lower greenhouse gas emissions—including renewable energy, and carbon capture and storage—is long and paved with abundant uncertainty.
June 01, 2021
Economic Indicators
Energy Indicators
Natural gas prices increased modestly in April after falling from February highs that were driven by Winter Storm Uri. The freezing temperatures slowed natural gas exports, pushing up heating and electricity demand—including from coal—and contributed to a historic spike in electricity prices in Texas.
May 10, 2021
Economic Indicators
Energy Indicators
Recent indicators point to an overall improved oil and gas outlook for the U.S. Activity in U.S. oil fields improved, oil prices held comfortably above levels needed to drill new wells for most producers, and industry employment losses slowed in February.
April 20, 2021
Dallas Fed Economics
Cost of Texas’ 2021 deep freeze justifies weatherization
Our analysis indicates winterizing for extreme winter weather events appears financially reasonable.
April 15, 2021
Dallas Fed Economics
Oil market’s tightening in February seemingly defies fundamentals
Surging oil prices in February have raised hopes that the worst may be over for oil markets, though recent evidence suggests that the recovery will not last.
April 13, 2021
Collapsing fuel demand tanks Texas exports during pandemic’s peak
The COVID-19 pandemic wreaked havoc on Texas energy exports. U.S. energy exports excluding Texas were dramatically less affected.
April 09, 2021
Dallas Fed Economics
What can be learned from the persistent electric power outages in Texas?
Texas suffered massive power outages during unusually cold temperatures in February. Millions of households lost access not only to power but also to heat and water for days—a situation that was foreseeable and could have been avoided.
April 01, 2021
Dallas Fed Economics
Anticipated federal restrictions would slow Permian Basin production
Possible changes to leasing and permitting requirements governing federal lands could move oil production, prompting a realignment of Permian Basin activity between Texas and New Mexico.
March 04, 2021