“I can’t help but feel we are in for another extended period of low prices. The only way for me to survive is to quit spending money.”
“The administration is our largest uncertainty in our business at this point, as they want low oil prices and will do everything in their power to deliver low oil prices.”
“Relying upon the Saudis and Russians to run a profitable oil company is not a winning strategy.”
Activity stagnating in Texas
The recent drop in oil prices has been felt throughout the oil and gas industry, according to the Federal Reserve Bank of Dallas’ most recent Energy Survey.

The Fed’s business activity index decreased sharply in Q4, as companies tapped the brakes in response to the recent downturn. The Fed reports the index ...

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