monthly average WTI oil price fell to a low of 16.55 U.S. dollars per barrel as a result of the coronavirus pandemic-induced oil crisis in April 2020. However, for most of 2021, prices have traded above 60 U.S. dollars again.
According to a 2022 survey, the average oil producer operating in the Eagle Ford oilfield in the U.S. needed WTI oil prices to amount to a minimum of 48 U.S. dollars per barrel in order to profitably drill a new well. This compared to a breakeven price of 23 U.S. dollars per barrel for existing wells. Operators in the Eagle Ford basin have the lowest average breakeven prices when compared to other oil basins. The Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2022* (in U.S. dollars per barrel)
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Statistics on Oil industry in the U.S.
Overview
4
Reserves & production
8
- Premium Statistic Proved oil reserves in the U.S. 1980-2020
- Premium Statistic Oil refinery capacity in the U.S. 1970-2021
- Basic Statistic Largest crude oil refineries in the U.S. 2022
- Premium Statistic Oil production in the United States 1998-2021
- Premium Statistic Crude oil production in the U.S. by state 2021
- Premium Statistic U.S. monthly oil production by oilfield 2020-2022
- Premium Statistic U.S. monthly new-well oil production per rig in 2020-2022, by region
- Premium Statistic Crude oil energy production outlook in the U.S. 2021-2050
Infrastructure
3
Trade & prices
4
Economic impact & companies
7
- Premium Statistic Oil and gas extraction industry value added in the U.S. 1998-2021
- Basic Statistic Oll and gas extraction industry gross output in the U.S. 1998-2021
- Premium Statistic Oil and gas extraction industry employment in the U.S. 1998-2021
- Premium Statistic Oil and gas industry employment in the U.S. by occupation 2021
- Premium Statistic Leading U.S. oil and gas producers based on market cap October 2022
- Premium Statistic Leading oil and gas producers in the U.S. based on revenue 2022
- Premium Statistic Supply chain issues experienced by oil and gas producers in the U.S. 2022
Further related statistics
18
- Most productive oil fields in the U.S. by production 2013
- Global spending on oilfield services by segment 2019-2023
- Global oilfield equipment market value 2014-2020
- Mexico: oilfield chemicals market 2016-2023
- Crude oil flow improvers market in Mexico 2016-2023
- Global oil and gas price ratio 1994-2018
- Brent breakeven price for new global oil projects by source type 2014-2020
- United Kingdom (UK) oil price forecast in U.S. dollars 2017-2024
- Crude oil production in Mexico by field 2015
- OPEC+ deal oil output cut distribution in 2020, by country
- Most productive oil fields in Canada 2020, by cumulative production volume
- Projection of the wholesale price of crude oil in the United Kingdom (UK) 2020-2040
- Daily crude oil production in Canada by oil field 2020
- U.S. E&P company number of bankruptcy filings by state 2015-2020
- U.S. share of oilfield equipment and services companies by segment 2018
- Global oil field chemicals and services market distribution by region 2014
- U.S. residential heating oil price breakdown 2022
- Average monthly gasoline retail prices Osaka 2017-2018
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Statistics
- Most productive oil fields in the U.S. by production 2013
- Global spending on oilfield services by segment 2019-2023
- Global oilfield equipment market value 2014-2020
- Mexico: oilfield chemicals market 2016-2023
- Crude oil flow improvers market in Mexico 2016-2023
- Global oil and gas price ratio 1994-2018
- Brent breakeven price for new global oil projects by source type 2014-2020
- United Kingdom (UK) oil price forecast in U.S. dollars 2017-2024
- Crude oil production in Mexico by field 2015
- OPEC+ deal oil output cut distribution in 2020, by country
- Most productive oil fields in Canada 2020, by cumulative production volume
- Projection of the wholesale price of crude oil in the United Kingdom (UK) 2020-2040
- Daily crude oil production in Canada by oil field 2020
- U.S. E&P company number of bankruptcy filings by state 2015-2020
- U.S. share of oilfield equipment and services companies by segment 2018
- Global oil field chemicals and services market distribution by region 2014
- U.S. residential heating oil price breakdown 2022
- Average monthly gasoline retail prices Osaka 2017-2018
Topics

Dallas Fed. (March 23, 2022). Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2022* (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved March 26, 2023, from https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
Dallas Fed. "Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2022* (in U.S. dollars per barrel)." Chart. March 23, 2022. Statista. Accessed March 26, 2023. https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
Dallas Fed. (2022). Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2022* (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: March 26, 2023. https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
Dallas Fed. "Average Wti Price Needed for U.S. Oil and Gas Producers to Stay Profitable by Well Status in Selected U.S. Oilfields as of 2022* (in U.S. Dollars per Barrel)." Statista, Statista Inc., 23 Mar 2022, https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
Dallas Fed, Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2022* (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/ (last visited March 26, 2023)
Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 2022* (in U.S. dollars per barrel) [Graph], Dallas Fed, March 23, 2022. [Online]. Available: https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/