Drilling & Completions | Production Rates | Drilled Uncomplete (DUC) | Oil & Gas Prices

Permian DUC Hunting! Operators to Focus on Completing DUCs in 2018

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Thursday,January 04,2018

The perfect storm is happening with oil prices continuing to rise.

Here are the trends driving 2018 plans:

1. Oil price rising, now at around $61/bbl WTI. (as of 1/4/2018)

2. Operators are increasing 2018 drilling and completion budgets on average, so far, about 30%

3. With D&C spending increasing, there is more of a demand and frac companies are responding by increasing their horizontal horsepower (HHP) by close to 1.3 million HHP.

Together, these three will lead to a chipping away of the DUC count that grew steadily in 2017.  

Access our DUCs database here

DUCs are on the rise in the Permian!


Permian : Where are the DUCs?

Companies with Most DUCs in Permian and Average Cumulative Oil Production

To access the full list of operators and Drilled, Uncompleted Wells in other basins like the Eagle ford, Marcellus, Utica, Haynesville, STACK/SCOOp, Bakken

Access our DUCs database here

Related    Drilled Uncomplete (DUC) News


Delaware Basin News >>>

Midland Basin News >>>