Thursday, March 5, 2015

Energy:The Dallas Fed View

From the Beige Book of the Federal Reserve Bank of Dallas. Released March 4. See

"Demand for oilfield services fell sharply in the Eleventh District. Declines were concentrated in the Permian Basin and Eagle Ford regions, and contacts reported a pullback in both horizontal and traditional vertical drilling. Outlooks remain pessimistic and uncertain, with firms expecting a roughly 30 percent decline in capital expenditures this year."

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