The Kansas City Fed’s fourth quarter energy survey reveals a negative drilling and business activity index – the first in almost three years. The future of drilling activity in the U.S. Tenth District doesn’t seem to have been met with some caution, as results from the Kansas City Fed fourth quarter energy survey indicates. The survey, which questions energy firms in western Missouri, Nebraska, Kansas, Oklahoma, Wyoming, Colorado and northern New Mexico, found that the drilling and business activity index fell from 45 to -13 in 4Q 2018 – the first quarterly decline in almost three years. Year-over-year indexes declined but remained positive. The drilling and business activity index decreased from 57 to 17 year-over-year. This is the lowest level in two years. Future expectations saw the drilling and business activity index drop from 57 to -19, the first negative posting since early 2016. Future total revenues, CAPEX and […]