US oil and gas executives expect WTI prices to average $58.54/b by the end of 2020, but most are also basing their capital spending on 2020 prices trading roughly 8% lower throughout next year with many planning for significant spending cuts, according to a Dallas Federal Reserve survey released Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The quarterly survey, which polled executives at 111 exploration and production companies and 59 oilfield services companies, reveals a domestic industry concerned about increasingly limited access to capital, stagnant prices and looming bankruptcies in the Permian and other US shale plays. “The outlook for North American onshore seismic has worsened significantly,” an executive at one oilfield services company said in the survey. “Our customers are […]