Third Quarter |
Historical data are available from first quarter 2016 to the most current release quarter.
Business Indicators: Quarter/Quarter
| Business Indicators: All Firms Current Quarter (versus previous quarter) | |||||
| Indicator | Current Index | Previous Index | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Level of Business Activity | 26.7 | 13.8 | 44.2 | 38.3 | 17.5 |
Capital Expenditures | 11.4 | –9.3 | 34.7 | 42.0 | 23.3 |
Supplier Delivery Time | –0.7 | –11.3 | 6.8 | 85.6 | 7.5 |
Employment | –6.5 | –19.7 | 13.1 | 67.3 | 19.6 |
Employee Hours | –1.9 | –16.5 | 21.1 | 55.9 | 23.0 |
Wages and Benefits | –9.7 | –18.4 | 10.4 | 69.5 | 20.1 |
| Indicator | Current Index | Previous Index | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 19.6 | 19.0 | 41.9 | 35.8 | 22.3 |
| Business Indicators: E&P Firms Current Quarter (versus previous quarter) | |||||
| Indicator | Current Index | Previous Index | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Level of Business Activity | 21.4 | 12.0 | 40.0 | 41.4 | 18.6 |
Oil Production | –10.2 | –19.7 | 24.6 | 40.6 | 34.8 |
Natural Gas Wellhead Production | –20.6 | –24.7 | 14.7 | 50.0 | 35.3 |
Capital Expenditures | 15.1 | –21.2 | 34.8 | 45.5 | 19.7 |
Expected Level of Capital Expenditures in 2017 | 21.8 | 25.4 | 43.5 | 34.8 | 21.7 |
Supplier Delivery Time | –5.9 | –12.9 | 5.9 | 82.4 | 11.8 |
Employment | –13.1 | –28.3 | 4.3 | 78.3 | 17.4 |
Employee Hours | –5.8 | –26.9 | 11.8 | 70.6 | 17.6 |
Wages and Benefits | –12.8 | –18.0 | 8.6 | 70.0 | 21.4 |
Finding and Development Costs | –20.9 | –37.9 | 9.0 | 61.2 | 29.9 |
Lease Operating Expenses | –15.9 | –31.3 | 11.6 | 60.9 | 27.5 |
| Indicator | Current Index | Previous Index | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 29.5 | 34.3 | 47.1 | 35.3 | 17.6 |
| Business Indicators: O&G Support Services Firms Current Quarter (versus previous quarter) | |||||
| Indicator | Current Index | Previous Index | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Level of Business Activity | 30.9 | 15.3 | 47.6 | 35.7 | 16.7 |
Utilization of Equipment | 24.1 | –1.2 | 38.6 | 47.0 | 14.5 |
Capital Expenditures | 8.3 | 0.0 | 34.5 | 39.3 | 26.2 |
Supplier Delivery Time | 3.9 | –10.0 | 7.7 | 88.5 | 3.8 |
Lag Time in Delivery of Firm's Services | 0.0 | –7.5 | 6.2 | 87.7 | 6.2 |
Employment | –1.2 | –13.0 | 20.2 | 58.3 | 21.4 |
Employment Hours | 1.2 | –8.3 | 28.6 | 44.0 | 27.4 |
Wages and Benefits | –7.1 | –18.8 | 11.9 | 69.0 | 19.0 |
Input Costs | –3.6 | –15.5 | 13.3 | 69.9 | 16.9 |
Prices Received for Services | –23.4 | –32.1 | 9.9 | 56.8 | 33.3 |
| Indicator | Current Index | Previous Index | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 11.2 | 6.5 | 37.5 | 36.3 | 26.3 |
Price Expectations
| Price Expectations: Firms | |||||
| Indicator | Current Index | Previous Index | % Reporting Higher | % Reporting Same | % Reporting Lower |
Expected Oil Price a Year from Now | 58.5 | 72.4 | 61.7 | 26.6 | 3.2 |
Expected Natural Gas Price a Year from Now | 45.0 | 51.0 | 48.3 | 38.4 | 3.3 |
| Price Expectations: E&P Firms | |||||
| Indicator | Current Index | Previous Index | % Reporting Higher | % Reporting Same | % Reporting Lower |
Expected Oil Price a Year from Now | 62.8 | 73.1 | 67.1 | 22.9 | 4.3 |
Expected Natural Gas Price a Year from Now | 36.7 | 60.6 | 42.6 | 45.6 | 5.9 |
| Price Expectations: O&G Support Services Firms | |||||
| Indicator | Current Index | Previous Index | % Reporting Higher | % Reporting Same | % Reporting Lower |
Expected Oil Price a Year from Now | 54.7 | 71.8 | 57.1 | 29.8 | 2.4 |
Expected Natural Gas Price a Year from Now | 51.8 | 43.4 | 53.0 | 32.5 | 1.2 |
Business Indicators: Year/Year
| Business Indicators: All Firms Current Quarter (versus same quarter a year ago) | |||||
| Indicator | Current Index | Previous Index | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Level of Business Activity | –8.7 | –41.4 | 36.2 | 18.8 | 44.9 |
Capital Expenditures | –12.7 | –53.1 | 31.3 | 24.6 | 44.0 |
Supplier Delivery Time | –6.1 | –20.0 | 8.4 | 77.1 | 14.5 |
Employment | –29.4 | –42.0 | 11.8 | 47.1 | 41.2 |
Employee Hours | –23.1 | –38.5 | 15.7 | 45.5 | 38.8 |
Wages and Benefits | –25.6 | –37.2 | 10.9 | 52.6 | 36.5 |
| Indicator | Current Index | Previous Index | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 0.8 | –17.0 | 39.1 | 22.7 | 38.3 |
| Business Indicators: E&P Firms Current Quarter (versus same quarter a year ago) | |||||
| Indicator | Current Index | Previous Index | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Level of Business Activity | –4.8 | –32.3 | 33.3 | 28.6 | 38.1 |
Oil Production | –22.9 | –36.0 | 24.6 | 27.9 | 47.5 |
Natural Gas Wellhead Production | –18.0 | –30.6 | 21.3 | 39.3 | 39.3 |
Capital Expenditures | –6.7 | –55.5 | 33.3 | 26.7 | 40.0 |
Expected Level of Capital Expenditures in 2017 | 3.3 | –19.0 | 36.1 | 31.1 | 32.8 |
Supplier Delivery Time | –6.7 | –18.4 | 8.3 | 76.7 | 15.0 |
Employment | –30.6 | –35.4 | 8.1 | 53.2 | 38.7 |
Employee Hours | –19.3 | –25.0 | 11.3 | 58.1 | 30.6 |
Wages and Benefits | –12.7 | –30.8 | 12.7 | 61.9 | 25.4 |
Finding and Development Costs | –45.0 | –57.8 | 5.0 | 45.0 | 50.0 |
Lease Operating Expenses | –39.4 | –53.1 | 9.8 | 41.0 | 49.2 |
| Indicator | Current Index | Previous Index | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 17.0 | –3.2 | 47.5 | 22.0 | 30.5 |
| Business Indicators: O&G Support Services Firms Current Quarter (versus same quarter a year ago) | |||||
| Indicator | Current Index | Previous Index | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Level of Business Activity | –12.0 | –48.7 | 38.7 | 10.7 | 50.7 |
Utilization of Equipment | –17.8 | –56.4 | 30.1 | 21.9 | 47.9 |
Capital Expenditures | –17.6 | –51.2 | 29.7 | 23.0 | 47.3 |
Supplier Delivery Time | –5.6 | –21.4 | 8.5 | 77.5 | 14.1 |
Lag Time in Delivery of Firm's Services | –7.0 | –18.7 | 8.3 | 76.4 | 15.3 |
Employment | –28.3 | –47.5 | 14.9 | 41.9 | 43.2 |
Employment Hours | –26.4 | –49.4 | 19.4 | 34.7 | 45.8 |
Wages and Benefits | –36.4 | –42.5 | 9.5 | 44.6 | 45.9 |
Input Costs | –20.5 | –47.4 | 13.7 | 52.1 | 34.2 |
Prices Received for Services | –43.6 | –56.6 | 11.3 | 33.8 | 54.9 |
| Indicator | Current Index | Previous Index | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –13.0 | –28.4 | 31.9 | 23.2 | 44.9 |