Drilling & Completions | Top Story | Exclusives / Features | Drilled Uncomplete (DUC)
These Operators to Resume D&C Activity in 2H20 After 2Q Pause
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After an incredibly difficult start to the year thanks to COVID-19 and the oil price war, numerous operators have said that they will restart drilling operations in 3Q after taking a frac holiday and building DUC inventories in 2Q.
Here are the specifics from several E&Ps, including Marathon Oil, WPX Energy, Parsley Energy, Diamondback and Noble.
Marathon OilMarathon plans to restart its D&C activity in Q3 2020 following a frac holiday during Q2.
In its Q1 call, Marathon noted the following:
Marathon will "essentially a pause in completion activity and minimal drilling during the second quarter, the period in which we expect the maximum pain for global oil supply demand fundamentals. This pause immediately resets our forward capital run rate that will extend across third quarter and…
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