Well Backlog a Critical Piece of the Puzzle as the Market Seeks to Predict what Happens in a Recovery
DUCs, or drilled but uncompleted wells, have been a major topic of discussion among analysts for more than a year. The idea is that companies drilled wells (roughly half the total well cost) but didn’t complete the wells (roughly the other half of the well cost). Why invest all the capital to complete wells just to produce oil so you can sell it at a money-losing market price?

As drilling slowed after the 2014 price drop, completions slowed...

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