Drilling & Completions | Production Rates | Drilled Uncomplete (DUC) | Oil & Gas Prices
Permian DUC Hunting! Operators to Focus on Completing DUCs in 2018
Print
|
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.
DUCs are on the rise in the Permian!
Permian : Where are the DUCs?
Companies with Most DUCs in Permian and Average Cumulative Oil Production
More Drilled Uncomplete (DUC) News
Brigham Minerals First Quarter 2022 Results
Brigham Minerals, Inc. announced record operational and financial results for the quarter ended March 31, 2022. Highlights: Record daily production volumes of 12,031 Boe/d (71% liquids, 51% oil)…
Brigham MInerals First Quarter 2021 Results
Brigham Minerals, Inc. reported its Q1 2021 results. Q1 Highlights: Daily production volumes of 8,931 Boe/d (70% liquids, 51% oil) Down 5% sequentially from Q4 2020 due to…
Continental IDs 2021 Capex, Plans Production Increase; Talks 2020 Results
Continental Resources, Inc. announced its full-year 2020 and fourth quarter 2020 operating and financial results, as well as its 2021 capital expenditures budget and operating plan. 2021 Plan…
SM's Credit Line Reaffirmed at $1.1B; Plans to Complete Six South TX DUCs
SM Energy Co. has reported several updates including results of its borrowing base redetermination and a new third party agreement for new wells in South Texas. Borrowing Base…
Haynesville Operator to Ramp Drilling & Completions in 2021
Comstock Resources provided an update on its 3rd quarter results, but the most interesting bit relates to the new 2021 budget the company provided. As you can see…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…