Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

U.S. oil & gas producers' breakeven prices by oilfield 2020

According to a 2020 survey, the average oil producer operating in the Bakken oilfield needed WTI oil prices to amount to a minimum of 51 U.S. dollars per barrel in order to profitably drill a new well. This compared to a breakeven price of 28 U.S. dollars per barrel for existing wells. With oil prices still recovering from an April 2020 crash, concerns have been raised regarding the financial health of shale companies.

Average WTI price needed for U.S. oil and gas producers to stay profitable by well status in selected U.S. oilfields as of 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 March 31st
*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
Source

Release date

March 2020

Region

United States

Survey time period

March 11 to 19, 2020

Number of respondents

92-95*

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, 95 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, 92 respondents.

** Results from Q1 2019 survey carried out between March 13-21, 2019.

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 "Oil and gasoline prices"

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