Energy

U.S, Shale Recovery Leans On Huge Inventory Of DUCs

The recovery of fracking operations in the US is happening largely thanks to an unusually high inventory of drilled but uncompleted wells (DUCs), which is strong enough to sustain the current level of fracking without the industry adding more rigs to expand drilling deep into 2021, a Rystad Energy analysis shows. After DUCs run out, however, rig activity in the five key oil regions needs to be in the 280-300 range to maintain flat oil output. Actual rig activity today is almost 50% lower than that requirement, but the industry still has about two… via https://ift.tt/2GtwFwJ

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