May
MANAGEMENT ISSUES

Oil and gas activity rises amid elevated uncertainty

Most U.S. operators in Fed District 11 indicated in the original first-quarter 2026 survey that they expected market conditions to improve modestly, influenced partially by the early part of the Iran war. Fed District 11 analysts conducted a special, extra first-quarter survey to re-check executives’ attitudes and found most of them expect prices to remain higher than before hostilities began. 

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