monthly average WTI oil price ranged between 77 and 81 U.S. dollars per barrel around the time of the survey.
According to a 2024 survey, oil producers operating in the Permian region needed WTI oil prices to amount to a minimum of 62 U.S. dollars per barrel in order to profitably drill a new well. This compared to a minimum breakeven price of 38 U.S. dollars per barrel for existing wells. 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 2024 (in U.S. dollars per barrel)
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Topics
Oil industry in the U.S.Dallas Fed. (March 27, 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 (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved June 10, 2024, 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 2024 (in U.S. dollars per barrel)." Chart. March 27, 2024. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
Dallas Fed. (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 (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: June 10, 2024. 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 2024 (in U.S. Dollars per Barrel)." Statista, Statista Inc., 27 Mar 2024, 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 2024 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/ (last visited June 10, 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 (in U.S. dollars per barrel) [Graph], Dallas Fed, March 27, 2024. [Online]. Available: https://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/