Oil and natural gas producers in the Midcontinent and Rockies are generally bullish on commodity prices but face challenges including labor scarcity, supply chain issues and drilling cost inflation, according to the latest Tenth District Energy Survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed, as it is better known, conducts…
Federal Reserve Bank of Kansas City
Articles from Federal Reserve Bank of Kansas City
Midcontinent Execs See ‘Substantial’ Jump in Drilling When Oil Averages $56, Natural Gas at $3.28
Oil and natural gas activity in the Midcontinent expanded moderately in the final three months of 2020, but it still lagged year-ago levels, according to a survey by the Federal Reserve Bank of Kansas City. Energy operators also said they need West Texas Intermediate (WTI) oil to average $56/bbl “for a substantial increase in drilling…
January 11, 2021
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