Shale growth stalls as sector's woes mount

摘要

Further evidence of a slowdown in the US shale patch emerged this week after a closely-watched survey from the Federal Reserve Bank of Dallas showed growth stalled in the first quarter as industry optimism waned. The quarterly snapshot of oil and gas operations in Texas, southern New Mexico and northern Louisiana found stubborn cost pressures are continuing to hold back companies. Banking system worries sparked by the collapse of Silicon Valley Bank, as well as lower oil and natural gas prices, labour shortages and regulatory uncertainty were also cited by respondents.