The Federal Reserve Bank of Kansas City published its first-quarter Tenth District Energy Survey, reporting a slight increase in regional energy activity and expectations that conditions will continue to expand. Drilling and business activity grew modestly for the first time since the fourth quarter of 2022, supported by stronger oil and gas prices during the quarter. Revenues and profits still declined, but respondents expected both to increase in coming months. The quarterly survey covers oil and gas-related firms located and/or headquartered in the Tenth District and reports diffusion indexes across indicators such as drilling, capital spending, and employment, alongside firms’ oil and gas price projections.
Federal Reserve Bank of Kansas City 2025-04-11
Federal Reserve Bank of Kansas City releases first-quarter Tenth District Energy Survey showing slight rise in energy activity and expansionary expectations
The Federal Reserve Bank of Kansas City's first-quarter Tenth District Energy Survey noted a slight increase in regional energy activity with expectations for continued expansion. Drilling and business activity grew modestly, driven by stronger oil and gas prices, although revenues and profits declined. The survey includes diffusion indexes on drilling, capital spending, and employment, with firms projecting future oil and gas prices.