Kansas City Fed: Energy Activity Fell Moderately in Q2
7/11 4:55 PM
Kansas City Fed: Energy Activity Fell Moderately in Q2 Dawn Gallagher DTN Energy Reporter OAKHURST, N.J. (DTN) -- Results of the Federal Reserve Bank of Kansas City second quarter energy survey show that Tenth District energy activity fell moderately, with no changes expected in the next six months. Firms reported that oil prices needed to be an average $64 bbl for drilling to be profitable and $83 bbl for a substantial increase in drilling to occur. Natural gas prices needed to be $3.79 MMBtu to be profitable on average and $5.01 MMBtu for drilling to increase substantially. "District drilling and business activity declined somewhat in Q2 as oil and gas prices moderated from last quarter," said Megan Williams, associate economist and survey manager at the Federal Reserve Bank of Kansas City. "Firms reported falling employment, revenues, and capital expenditures and do not anticipate any changes in the coming months." The Federal Reserve Bank of Kansas City serves the Tenth Federal Reserve District, encompassing the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. The Kansas City Fed's quarterly Tenth District Energy Survey provides information on current and expected activity among energy firms in the Tenth District. The survey monitors oil and gas-related firms located and/or headquartered in the Tenth District, with results based on total firm activity. (c) Copyright 2025 DTN, LLC. All rights reserved.