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Oil Executives Face Profit Woes Amid Recession Fears

4/25/2025

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Summary

Story summary

Oil and gas executives initially reveled in the promise of profit under Trump's presidency, but the shadow of a looming recession and escalating tariff costs has dimmed their hopes. In the San Juan Basin, local drillers grapple with uncertainty, as many wells sit idle and focus shifts to maintaining existing operations. Yet, amidst these challenges, a glimmer of potential growth remains.

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Story summary

Oil and gas executives initially reveled in the promise of profit under Trump's presidency, but the shadow of a looming recession and escalating tariff costs has dimmed their hopes. In the San Juan Basin, local drillers grapple with uncertainty, as many wells sit idle and focus shifts to maintaining existing operations. Yet, amidst these challenges, a glimmer of potential growth remains.