December 9, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Many of the upstream services firms working in the Permian Basin were hurt by lower natural gas prices, while break-evens in the oil patch held steady amid a market lull, the Federal Reserve Bank of Dallas found.

The U.S. shale sector is evolving as production trends change the pressure in the wells. Basins tend to yield more associated gas as pressures drop, meaning areas such as the Permian and the Eagle Ford Shale are the driving force behind U.S. gas production gains.