Dallas Fed Survey Sees Activity Increasing At Solid Pace In U.S. Oil And Gas

Despite falling oil prices, a Dallas Fed report surveying oil and gas executives shows activity in the oil and gas sector expanded at a robust clip in the third quarter, suggesting the pace of expansion remains solid even after a slight slowdown.  The Business Activity Index looks at the broadest measure of conditions facing Eleventh District energy firms. The Dallas Fed also noted that costs continued to increase for a seventh straight quarter, with the indexes now near historical highs. Among oilfield services firms, the index for input…