Turning to DUCs for Short-term Oil Productivity Gains

The inventory of DUCs continued to build this year as the COVID-19 pandemic slowed demand, but companies are now looking to complete wells given improved market conditions.

Velda

Addison

Hart Energy

Wed, 08/12/2020 - 01:57 PM

(Source: Pan Demin/Shutterstock.com)

(Source: Pan Demin/Shutterstock.com)

As U.S. shale players focus on high-return, low-cost assets to regain strength amid the latest downturn, attention is turning to DUCs for short-term productivity gains as oil prices continue to stabilize.

However, a situation could arise—in terms of remaining core inventory—if DUCs targeted are in Tier 1 areas of basins, according to an energy data intelligence firm.

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Velda Addison

Velda Addison is the group senior editor for Hart Energy’s editorial team. She covers exploration and production.

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