Oil fields in New Mexico have the highest internal rate of return (IRR) of any oil and gas fields in the United States. Including subsidies, new, not yet producing New Mexican oil fields had an IRR of 60.9 percent at average 2019 prices of 64 U.S. dollars per barrel. Excluding subsidies this figure dropped to 39 percent. Gas fields in Pennsylvania had some of the lowest IRR between 8.5 and 16.5 percent depending on the subsidy status.
Impact of subsidies on internal rate of return of new oil and gas fields in the United States in 2019, by location*
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Canary Media. (July 30, 2021). Impact of subsidies on internal rate of return of new oil and gas fields in the United States in 2019, by location* [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1260208/us-internal-return-rate-of-oil-and-gas-fields-by-location/
Canary Media. "Impact of subsidies on internal rate of return of new oil and gas fields in the United States in 2019, by location*." Chart. July 30, 2021. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1260208/us-internal-return-rate-of-oil-and-gas-fields-by-location/
Canary Media. (2021). Impact of subsidies on internal rate of return of new oil and gas fields in the United States in 2019, by location*. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1260208/us-internal-return-rate-of-oil-and-gas-fields-by-location/
Canary Media. "Impact of Subsidies on Internal Rate of Return of New Oil and Gas Fields in The United States in 2019, by Location*." Statista, Statista Inc., 30 Jul 2021, https://www.statista.com/statistics/1260208/us-internal-return-rate-of-oil-and-gas-fields-by-location/
Canary Media, Impact of subsidies on internal rate of return of new oil and gas fields in the United States in 2019, by location* Statista, https://www.statista.com/statistics/1260208/us-internal-return-rate-of-oil-and-gas-fields-by-location/ (last visited May 13, 2024)
Impact of subsidies on internal rate of return of new oil and gas fields in the United States in 2019, by location* [Graph], Canary Media, July 30, 2021. [Online]. Available: https://www.statista.com/statistics/1260208/us-internal-return-rate-of-oil-and-gas-fields-by-location/