The Federal Reserve Bank of Kansas City’s third quarter Energy Survey found that Tenth District energy activity continued to grow, with drilling activity increasing further and six-month expectations remaining expansionary. Firms expect growth to continue into 2027. Capital investment recorded its fastest annual growth in four years, while the annual revenue and capital expenditure indexes reached their highest readings since 2022. The survey covers oil and gas firms located or headquartered in the Tenth District, with diffusion indexes measuring the share reporting increases minus the share reporting decreases.
Federal Reserve Bank of Kansas City reports continued Tenth District energy growth and expansionary outlook
The Federal Reserve Bank of Kansas City reported continued growth in Tenth District energy and drilling activity, with firms expecting expansion into 2027. Capital investment increased at its fastest annual pace in four years, while annual revenue and capital expenditure indexes reached their highest levels since 2022.