U.S. oil & gas producers' breakeven prices by oilfield 2024

Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2024

CharacteristicNew wellsExisting wells
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Statistic: Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2024 (in U.S. dollars per barrel)
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Release date

March 2024

Region

United States

Survey time period

March 13 to 21, 2024

Number of respondents

87-91

Special properties

Executives in exploration and production firms

Supplementary notes

Results of two separate survey questions: "In the top two areas in which your firm is active: What West Texas Intermediate (WTI) oil price does your firm need to cover operating expenses for existing wells?" - Existing wells, 91 respondents;
"In the top two areas in which your firm is active: What WTI oil price does your firm need to profitably drill a new well?" - New wells, 87 respondents.

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