Skip to main content
Industry News
10th Fed District oil, gas activity gained momentum in Q1

The oil and natural gas economy in the 10th Federal Reserve District expanded in the first quarter even though a gauge of drilling and business activity declined to 34 from 40 in the fourth quarter, according to the Federal Reserve Bank of Kansas City's latest quarterly energy survey. Energy executives who participated in the survey said they need oil prices at $53 per barrel and natural gas prices at $2.94 per million cubic feet to be profitable, and indicated increased optimism about future activity and commodity prices.

Full Story: