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Dallas Fed Energy Survey: Oil Price Collapse Reverberates with Job, Capital Expenditure Cuts

Dallas Fed Energy Survey: Oil Price Collapse Reverberates with Job, Capital Expenditure Cuts

Full Title: Dallas Fed Energy Survey: Oil Price Collapse Reverberates with Job, Capital Expenditure Cuts
Author(s): Federal Reserve Bank of Dallas
Publisher(s): Federal Reserve Bank of Dallas
Publication Date: March 25, 2020
Full Text: Download Resource
Description (excerpt):

West Texas Intermediate crude oil prices have fallen from $60 per barrel during the fourth-quarter survey period to $28 per barrel during the first-quarter survey period. (The price per barrel further declined to $24 per barrel during the week ended March 20.)

Special questions this quarter include an annual update to our data on breakeven prices by basin, expected changes in employee head counts for 2020, the impact of the coronavirus (COVID-19) on company outlooks and the ability of firms to remain solvent given lower oil prices.

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