US Oil and Gas Production Rises in Q3 Amid Geopolitical Uncertainty

Key Facts

1The Dallas Fed survey showed oil and gas production rose in Texas, Louisiana, and New Mexico during the third quarter of 2026.

2The seven-month-old Iran war continues to inject uncertainty into producers' plans and energy markets.

Oil and gas production in Texas, Louisiana, and New Mexico rose during the third quarter of 2026. Reuters reported that the Dallas Fed energy survey showed increased activity across these key regions, driven by higher drilling and production levels.

The production growth occurred alongside persistent uncertainty in energy markets caused by the seven-month-old war in Iran, which continues to impact producers' long-term planning. The survey highlights that geopolitical instability remains a primary driver of price volatility and strategic caution among energy firms.