Energy Survey Points to U.S. Drilling Downturn

April 16, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Respondents to a survey from the Federal Reserve Bank of Kansas City showed drilling activity in its district is expected to decline over the next six months amid a dip in capital expenditures.

Just ahead of earnings season, the Fed showed revenues for drillers were stable during the first quarter.