Dallas, TX

Oil and gas expansion stalls amid surging costs and worsening outlooks

Published

1 year ago

March 29, 2023

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Oil and gas expansion stalls amid surging costs and worsening outlooks

First Quarter | March 29, 2023

Oil and fuel growth stalls amid surging prices and worsening outlooks

What’s New This Quarter

Particular questions this quarter embody an annual replace on breakeven costs by basin, anticipated worker head rely modifications in 2023, the primary issue influencing firm profitability and the highest reason behind employee shortages within the oilfield.

Development within the oil and fuel sector stalled out in first quarter 2023, in response to oil and fuel executives responding to the Dallas Fed Vitality Survey. The enterprise exercise index—the survey’s broadest measure of situations going through Eleventh District vitality companies—was 2.1 within the first quarter, down sharply from 30.3 in fourth quarter 2022. The near-zero studying signifies exercise was largely unchanged from the prior quarter, a break from the extra than two-year stretch of rising exercise.

Oil and pure fuel manufacturing elevated at a slower tempo in contrast with the prior quarter, in response to executives at exploration and manufacturing (E&P) companies. The oil manufacturing index remained constructive however declined to 10.5 within the first quarter from 25.8 within the fourth. Equally, the pure fuel manufacturing index fell to 7.4 from 29.4.

Corporations reported rising prices for a ninth consecutive quarter as all sequence remained considerably above their averages. Amongst oilfield companies companies, the enter price index was roughly unchanged at an elevated 61.6. Amongst E&P companies, the discovering and growth prices index slipped to 46.8 from 52.5. Moreover, the lease working bills index declined 11 factors to 37.6.

The provider supply time index for all companies moved into adverse territory, declining to -14.0 within the first quarter from 14.4 in the fourth. That is the primary adverse studying since fourth quarter 2020 and indicators that it takes much less time to obtain supplies and tools relative to the prior quarter. Amongst oilfield companies companies, the measure of lag time in supply of companies declined to zero from 20.0, suggesting supply occasions for these companies are not rising.

For oilfield companies companies, the tools utilization index slid 29 factors to three.9 within the first quarter. The working margin index declined to 1.9 from 25.9. The index of costs acquired for companies remained constructive however declined to 25.0 from 43.6.

Indexes associated to employment and hours labored eased within the first quarter. The mixture employment index posted a ninth consecutive constructive studying however dipped to 14.3 from 25.7. The mixture worker hours index declined to 12.3 from 27.7 within the prior quarter. In the meantime, the combination wages and advantages index edged larger, to 43.6 from 40.2.

The corporate outlook index turned adverse within the first quarter, falling 27 factors to -14.1. The general outlook uncertainty index elevated 23 factors to 62.6, pointing to companies’ continued heightened uncertainty concerning their outlooks. Sixty-eight p.c of companies reported higher uncertainty.

On common, respondents count on a West Texas Intermediate (WTI) oil worth of $80 per barrel by year-end 2023; responses ranged from $50 to $160 per barrel. Survey contributors count on Henry Hub pure fuel costs of $3.43 per million British thermal items (MMBtu) at year-end. For reference, WTI spot costs averaged $68.51 per barrel throughout the survey assortment interval, and Henry Hub spot costs averaged $2.23 per MMBtu.

Subsequent launch: June 22, 2023

Knowledge had been collected March 15–23, and 147 vitality companies responded. Of the respondents, 95 had been exploration and manufacturing companies and 52 had been oilfield companies companies.

The Dallas Fed conducts the Dallas Fed Vitality Survey quarterly to acquire a well timed evaluation of vitality exercise amongst oil and fuel companies situated or headquartered within the Eleventh District. Corporations are requested whether or not enterprise exercise, employment, capital expenditures and different indicators elevated, decreased or remained unchanged in contrast with the prior quarter and with the identical quarter a yr in the past. Survey responses are used to calculate an index for every indicator. Every index is calculated by subtracting the share of respondents reporting a lower from the share reporting a rise. When the share of companies reporting a rise exceeds the share reporting a lower, the index shall be higher than zero, suggesting the indicator has elevated over the earlier quarter. If the share of companies reporting a lower exceeds the share reporting a rise, the index shall be under zero, suggesting the indicator has decreased over the earlier quarter.

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Dallas, TX

Stars announce 2024 development camp roster | Dallas Stars

Published

4 hours ago

June 30, 2024

Press Room

Stars announce 2024 development camp roster | Dallas Stars

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Cowboy Roundup: Starters at risk of losing jobs; Liufau’s early impact

Published

11 hours ago

June 30, 2024

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Cowboy Roundup: Starters at risk of losing jobs; Liufau’s early impact

Let’s take a look at some of the Dallas Cowboys news and headlines making the rounds in Cowboys Nation as we wrap up the weekend on the final day of June.

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The Dallas Cowboys kick off training camp in late July, and there will be a number of highly-contested battles on the roster.

There has been a lot of talk about the WR3 competition, but there are other players on the roster who could find themselves fighting to keep their starting roles.

InsideTheStar.com looked at three players who could lose their starting jobs in 2024, including a running back, offensive lineman, and defensive back.

Tim Heitman-USA TODAY Sports

Third-round pick Marist Liufau has been generating hype throughout OTAs and minicamp, and as he prepares for his first ever training camp, he is expected to make an early impact.

Not only will Liufau likely find himself in the linebacker rotation in his rookie season, he’ll be expected to contribute on special teams.

DallasCowboys.com identifies his instincts as a factor that makes him NFL ready.

His first step is decisive and impressive, and there isn’t a lot of guesswork in his game. On the reps wherein he does have a misstep, it’s because he hesitated before accelerating toward the play but, once he does, he’s a missile.
He plays to the whistle and takes attempted blocks as disrespect, violently shedding them en route to what is usually a sound tackle. Not many ball carriers can evade him in open space, or when he gets his hands on them. He’ll be looked upon to contribute heavily as a rookie third-round pick, on both defense and special teams in 2024.
– Patrik Walker, The Mothership
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The Cowboys hope Liufau will be able to make an early impact like his NFL record-setting cousin, Puka Nacua.

MORE: Cowboys’ Marist Liufau has family ties with NFL record-setting WR

Ranking the NFC East edge rushers from worst to first… Charlotte Jones addresses Dallas Cowboys Cheerleaders pay
… Brandon Aiyuk names NFC East team as Top 3 likely destination… Meet Madeline Salter: Dallas Cowboys Cheerleader… Dallas Cowboys’ second-year player named dark horse at WR… Which Dallas Cowboys player has the most to prove in 2024?

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RECAP | FC Dallas 0, FC Cincinnati 1 | FC Cincinnati

Published

18 hours ago

June 30, 2024

Press Room

RECAP | FC Dallas 0, FC Cincinnati 1 | FC Cincinnati

FC Cincinnati defeated FC Dallas, 1-0, Saturday night at Toyota Stadium in Frisco, Texas. The Orange and Blue (13-4-3, 42 points) earn their eighth road win of the season, the most in MLS, and remain second in the Eastern Conference standings. Dallas (5-10-5, 20 points) suffered their first home loss since March 16.

Luca Orellano scored the only goal of the match in the 47th minute, his fifth of the season. Gerardo Valenzuela, making his seventh start of the year, assisted on the goal for his third over his last four appearances. Roman Celentano picked up his sixth clean sheet of the season, making two saves on the night.

AS IT HAPPENED
CIN: Luca Orellano, GOAL – 47’ (0-1) – Luca Orellano and the Cincinnati attack wasted no time in finding a goal coming out of the halftime break. Gerardo Valenzuela led a quick build and break out of Cincinnati’s own half, playing up to Orellano who weighed his options. An overlapping run from DeAndre Yedlin gave Orellano space to cut in on his favored left foot and sent a curling effort past Maarten Paes at the far post.

FC Cincinnati are back on the road Wednesday, July 3 at D.C. United. Kickoff is set for 7:30 p.m. ET from Audi Field at the match will air on MLS Season Pass on Apple TV and fans can also listen to the match on ESPN 1530 in Cincinnati and iHeart.

The Orange and Blue return home to TQL Stadium next Saturday, July 6 to host Inter Miami CF. Tickets are still available at FCCincinnati.com/Tickets or by calling (513) 977-5425 (KICK).

GAME NOTES
– FC Cincinnati won their sixth-straight road match of the season, extending their MLS-leading streak.
– With their sixth-straight road win of the season, FCC became the fifth club, all-time, to win six or more consecutive road games, and the third club to do so since 2000 and the end of the MLS shootout era.
– At kickoff, the temperature was 95 degrees, the hottest kickoff in FC Cincinnati history.
– With his goal in the 47th minute, Luca Orellano became the first player on the current FCC roster to score a goal against FC Dallas in their career.
– With his substitution in the 88th minute, Isaiah Foster made his MLS debut against FC Dallas.
– The Orange and Blue remained perfect against the Western Conference this season, as they improved to 4-0-0 (11-3-4 all-time under Pat Noonan).
– The Orange and Blue improved to 8-1-1 on the road this season, the most wins and best road win percentage in MLS.
– Cincinnati tied the MLS record for wins over two-straight seasons in one-goal games with their 25th … The club moved to 25-5 in one-goal games since the beginning of the 2023 season.

FC CINCINNATI GAME REPORT
FC Cincinnati at FC Dallas
Date: June 29, 2024
Competition: MLS Regular Season
Venue: Toyota Stadium
Attendance: 19,096
Kickoff: 8:40 p.m. ET/7:40 p.m. CT
Weather: 95 degrees, clear

SCORING SUMMARY: 1-2-F
DAL: 0-0-0
CIN: 0-1-1

CIN – Luca Orellano (Valenzuela) 47’

LINEUPS
DAL: Maarten Paes, Marco Farfan, Paul Arriola (C) (Sam Junqua 81’), Nkosi Tafari, Sebastien Ibeagha, Sebastian Lletget (Tomas Pondeca 81’), Asier Illarramendi, Liam Fraser (Nolan Norris 27’), Logan Farrington, Eugene Ansah (Tarik Scott 54’), Bernard Kamungo (Petar Musa 54’)

Substitutes not used: Jimmy Maurer, Omar Gonzalez, Dante Sealy, Ema Twumasi

CIN: Roman Celentano, Yamil Asad (Alvas Powell 55’), Ian Murphy, Kipp Keller (Bret Halsey 78’), DeAndre Yedlin, Luca Orellano (Isaiah Foster 88’), Pavel Bucha, Yuya Kubo, Luciano Acosta (C), Gerardo Valenzuela (Aaron Boupendza 88’), Kevin Kelsy (Sergio Santos 78’)

Substitutes not used: Alec Kann, London Aghedo, Stiven Jimenez, Nicholas Benalcazar

STATS SUMMARY: DAL/CIN
Shots: 16 / 6
Shots on Goal: 2 / 2
Saves: 1 / 2
Corner Kicks: 5 / 1
Fouls: 16 / 14
Offside: 0 / 4
Possession: 51.3 / 48.7

MISCONDUCT SUMMARY
CIN – Yuya Kubo (Yellow Card) 18’
CIN – Alvas Powell (Yellow Card) 56’
DAL – Nolan Norris (Yellow Card) 58’
CIN – DeAndre Yedlin (Yellow Card) 61’
CIN – Kevin Kelsy (Yellow Card) 65’
DAL – Sebastien Ibeagha (Yellow Card) 82’
CIN – Roman Celentano (Yellow Card) 88’
CIN – Luciano Acosta (Yellow Card) 90’+4