‘We Need Help’: Oil Patch Pessimism Deepens as KC Fed Survey Signals Contraction

A blurry view of an oil well servicing rig.
Fourth quarter drilling and business activity was the lowest since 2020 and is expected to contract further in the next six months, according to the Kansas City Fed’s energy survey, released Jan. 9. (Shutterstock)
January 09, 2026 01:59 PM CST