Solid growth continued across some of the biggest oil and natural gas production regions in the country during the third quarter, but supply costs are rising and executives are a bit more wary than earlier this year, the Federal Reserve Bank of Dallas said Wednesday.

The Dallas Fed, as it is known, collected data across the Eleventh District from Sept. 15-23 from 95 exploration and production (E&P) companies and 47 oilfield services (OFS) firms in the state of Texas, 26 parishes in Northern Louisiana and 18 counties in southern New Mexico. Those states include the Permian Basin, as well as the Eagle Ford and Haynesville shales. 

The outlook for commodity prices by year’s end is lower than where oil and natural gas prices stand today, executives said.

Henry Hub prices are...