The Federal Reserve Bank of Kansas City published its fourth quarter Tenth District Energy Survey, reporting that regional energy activity continued to fall at a steady pace while expectations for future conditions increased. Drilling and business activity declined for the eighth consecutive quarter in the fourth quarter, but firms anticipated a rebound in the coming months, with most expecting employment and capital expenditure growth. The quarterly survey covers oil and gas-related firms located and/or headquartered in the Tenth District and reports changes in indicators including drilling, capital spending and employment, alongside firms’ projections for oil and gas prices. Results are presented as diffusion indexes, calculated as the share of firms reporting increases minus the share reporting decreases; the Bank also indicated that past results and future release dates are available on its website.
Federal Reserve Bank of Kansas City 2025-01-10
Federal Reserve Bank of Kansas City releases fourth quarter Tenth District Energy Survey showing continued declines in activity but improving expectations
The Federal Reserve Bank of Kansas City's fourth quarter Tenth District Energy Survey noted a continued decline in regional energy activity but increased optimism for future conditions. Drilling and business activity fell for the eighth consecutive quarter, yet firms expect a rebound with growth in employment and capital expenditures. The survey includes data on drilling, capital spending, and employment, with results presented as diffusion indexes.