U.S. oil & gas executives opinion oil rig growth compared to WTI prices 2020

Based on a September 2020 survey, the majority of oil and gas executives expect United States' oil rig count to increase again once WTI oil prices reach between 51 and 55 U.S. dollars per barrel. A further 29 percent of respondents believe U.S. oil rig count to see substantial growth only if WTI prices reach between 56 and 60 U.S. dollars per barrel.

West Texas Intermediate crude oil price stood at 37.26 U.S. dollars per barrel on September 14, 2020.

Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to faciliate substantial oil rig count increases in the United States as of September 2020

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until December 20th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

September 2020


United States

Survey time period

September 9 to September 17, 2020

Number of respondents

160 respondents

Special properties

Oil and gas firm executives

Supplementary notes

Percentages don't sum 100, due to rounding.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Coronavirus: impact on the energy industry worldwide"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.