Activity in the Eleventh Federal Reserve District’s energy sector gained momentum in the fourth quarter of 2017, according to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of business conditions—climbed over 10 points to 38.1, with the increase driven by the exploration and production side of the industry.

Oil and gas production increased for the fifth quarter in a row, with responses suggesting production rose at an accelerated rate. The Dallas Fed did a survey for this quarter and found that a ...


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