What does the Dallas Fed Energy Survey really tell us? In this episode of The Novi AI Roundup, we break down the Q3 2025 results and why they mark a turning point in industry sentiment. Drawing from the Novi Intelligence report “Dallas Fed Energy Survey Q3 2025: Key Takeaways and Analysis”, we explore what falling optimism means for activity levels, how operators are responding across oil and gas, and why understanding sentiment is key to planning ahead.This podcast episode is based on the Novi Intelligence report “Dallas Fed Energy Survey Q3 2025: Key Takeaways and Analysis”, written by Robert Polk and Tim Chan. The report was published in October 2025. Download the full report here.