DUC Well Inventory Plunges As Drillers Frack More Than They Drill ...Middle East

OILPRICE - Economy
DUC Well Inventory Plunges As Drillers Frack More Than They Drill
source : OILPRICE ( Middle East ) () 10
US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals. The total number of horizontal DUCs in the Permian, Eagle Ford, Bakken, Niobrara and Anadarko regions combined fell to 4,510 wells by the end of June. That implies a reduction of 1,800 wells from the peak of 6,340 in…

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