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Texas, Louisiana, New Mexico Face Investment Decline Amid Policy Uncertainty

9/25/2025

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Summary

Story summary

Q3 2025 activity declined in Texas, Louisiana, and New Mexico, per Federal Reserve Bank of Dallas.
Executives blame U.S. President Trump's policies for price uncertainty.
Over one-third delayed investment decisions due to this uncertainty.
43% of exploration and production firms expect lower capital expenditure; regulatory changes are not expected to significantly affect federal lands output in the next five years.

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Story summary

Q3 2025 activity declined in Texas, Louisiana, and New Mexico, per Federal Reserve Bank of Dallas.
Executives blame U.S. President Trump's policies for price uncertainty.
Over one-third delayed investment decisions due to this uncertainty.
43% of exploration and production firms expect lower capital expenditure; regulatory changes are not expected to significantly affect federal lands output in the next five years.