U.S. Shale Industry Accelerates As Oil Prices Rise
Oilprice.com – Jan. 25, 2021
DUC inventory in the Permian subsides as oil prices increase.
The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic has started to subside to pre-Covid-19 levels after swelling to a multi-year high of 6,548 wells in June 2020. Currently the number of DUCs in the country has slimmed down to around 5,700 wells by the end of December 2020. More…