Historic oil and gas productivity growth could present future risks
• Second quarter Oklahoma Economist released
June 22, 2018
OKLAHOMA CITY – The Oklahoma City Branch of the Federal Reserve of Kansas City has released its latest issue of the quarterly publication the Oklahoma Economist.
Oil and gas production in the United States and Oklahoma is now about 10 percent higher than its previous record highs, according to Chad Wilkerson, branch executive, vice president and economist at the Oklahoma City Branch of the Federal Reserve Bank of Kansas City.
“Despite this performance, rig counts and oil and gas employment in both the state and nation remain well below previous peaks,” said Wilkerson. “Only rarely h...