A survey conducted by the Federal Reserve Bank of Dallas has found that activity in the U.S. oil and gas sector increased in the first quarter of 2026, with output remaining steady. The survey also found that oil executives are waiting for the next six months to see where prices will settle, but expect the focus on energy security to rise. The companies expect a West Texas Intermediate (WTI) oil price of $74 per barrel at year-end 2026.