As oil and natural gas prices surged, drilling and energy business activity across the Federal Reserve Bank of Kansas City’s footprint hastened in the third quarter, results of a new survey show.


The Kansas City Fed, as it is commonly known, said its quarterly Tenth District Energy Survey found that oil and gas firms collectively reported greater activity in 3Q2021 when compared with both the prior quarter and the year-earlier quarter.

A majority of firms reported higher revenues and profits. Drilling and business activity expectations for coming quarters also increased, with participating executives noting strong demand and lofty oil and gas prices. The Kansas City Fed’s district includes the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and...