EIA: Number Of DUCs Falls To Lowest On Record ...Middle East

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EIA: Number Of DUCs Falls To Lowest On Record
source : OILPRICE ( Middle East ) () 18
The number of Drilled but Uncompleted Wells sank to its lowest level ever recorded, according to the Energy Information’s latest Drilling Productivity Report published on Monday. The number of Drilled but Uncompleted Wells—also known as DUCs—fell to 4,273 in March 2022, according to the latest figures. This is down from 42% since the beginning of 2021. The falling DUC count is due to more fracking than drilling—depleting their DUC inventories rather than drilling new wells is typically more cost effective. As shareholders…

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