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.
Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to facilitate substantial oil rig count increases in the United States as of September 2020
WTI price in U.S. dollars per barrel
Share of respondents
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Dallas Fed. (September 23, 2020). Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to facilitate substantial oil rig count increases in the United States as of September 2020 [Graph]. In Statista. Retrieved July 08, 2024, from https://www.statista.com/statistics/1176071/us-oil-rig-growth-related-to-wti-price/
Dallas Fed. "Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to facilitate substantial oil rig count increases in the United States as of September 2020." Chart. September 23, 2020. Statista. Accessed July 08, 2024. https://www.statista.com/statistics/1176071/us-oil-rig-growth-related-to-wti-price/
Dallas Fed. (2020). Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to facilitate substantial oil rig count increases in the United States as of September 2020. Statista. Statista Inc.. Accessed: July 08, 2024. https://www.statista.com/statistics/1176071/us-oil-rig-growth-related-to-wti-price/
Dallas Fed. "Distribution of Oil and Gas Executives Opinion on West Texas Intermediate Crude Oil Price Necessary to Facilitate Substantial Oil Rig Count Increases in The United States as of September 2020." Statista, Statista Inc., 23 Sep 2020, https://www.statista.com/statistics/1176071/us-oil-rig-growth-related-to-wti-price/
Dallas Fed, Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to facilitate substantial oil rig count increases in the United States as of September 2020 Statista, https://www.statista.com/statistics/1176071/us-oil-rig-growth-related-to-wti-price/ (last visited July 08, 2024)
Distribution of oil and gas executives opinion on West Texas Intermediate crude oil price necessary to facilitate substantial oil rig count increases in the United States as of September 2020 [Graph], Dallas Fed, September 23, 2020. [Online]. Available: https://www.statista.com/statistics/1176071/us-oil-rig-growth-related-to-wti-price/
