Dallas Fed: Oil and gas industry in Texas, Louisiana remains strong

The oil and gas industries of Texas and Louisiana continued to stay at near-record levels of activity during the third quarter.

A new study by the Federal Reserve Bank of Dallas shows that Texas and Louisiana-based oil and gas companies saw business activity continue to increase during the third quarter, which ended Sept. 30.

The Dallas Fed surveyed 171 energy companies between Sept. 12 and 20, of which 110 were exploration and production firms and the other 61 were oil and gas service companies…

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