Survey: Nearly half of energy executives expect to drill fewer wells

BreakdownGenerated by LeadStory AI

• Nearly half of energy executives expect to drill fewer wells than at the start of the year, according to the Dallas Fed Energy Survey. 10s
• More than a quarter of executives report drilling costs have risen up to 6% due to tariffs. 21s
• If oil prices drop to $50, 46% of surveyed executives anticipate a significant decrease in production. 28s
• Executives privately express concerns about policy volatility, increased costs, and the sustainability of current business models. 34s
• US sanctions on Iranian oil have intensified, but a major impact on oil prices is not expected unless there is a meaningful supply decline. 2m 52s