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*
* IRR for new, not yet producing oil and gas fields, at an average price of 64 U.S. dollars per barrel of oil, and 2.6 U.S. dollars per million British thermal unit of gas in 2019 prices.
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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 November 02, 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 November 02, 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: November 02, 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 November 02, 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/
