Oil production in the United States already has peaked, most energy executives believe, according to a new survey by the Federal Reserve Bank of Dallas.

The quarterly survey by the Dallas Fed, as it’s known, said 66% of oil and gas executives queried across the Eleventh District believe domestic oil production has peaked, while 34% said it has not. The Eleventh District encompasses northern Louisiana, most of New Mexico and Texas, which are home to the Permian Basin, Eagle Ford and Haynesville shales. 

Data was collected by the Dallas Fed on Sept. 9-17, with 166 energy firms responding, including 112 exploration and production (E&P) firms and 54 oilfield services (OFS) firms. 

Peaking oil demand was on the minds of some respondents who commented for the survey.

‘This...