Dallas Fed: 71% of operators that cut production have not resumed output

About 82% of survey respondents shut in or curtailed production in the second quarter, mostly due to low wellhead prices

Oil price: on average, survey respondents said they expect a West Texas Intermediate oil price of $42.11 per barrel by the end of the year — Oil price: on average, survey respondents said they expect a West Texas Intermediate oil price of $42.11 per barrel by the end of the yearPhoto: REUTERS/SCANPIX

Julia Martinez

Houston

Production Federal Reserve Bank US Shale Americas

Published 24 June 2020, 18:36Updated 25 June 2020, 06:27