Post Tagged with: "DUCs"

DUCs Up

DUCs Up

Almost half the U.S. DUCs are in the Permian
The number of drilled but uncompleted wells (DUCs) in seven key U.S. oil and natural gas production regions has increased over the last two years, according to the EIA's count.

DUCs

Sanchez Energy Produced 80.5 MBOEPD in Q1

Sanchez Energy Produced 80.5 MBOEPD in Q1

Sanchez Energy Corporation (ticker: SN) reported a net loss of $4.8 million for the first quarter 2018, or $(0.30) per share attributable to common stockholders. The quarter included $24.4 million in non-cash mark-to-market losses related to hedging activities, Sanchez said.…

SilverBow Resources Releases 2018 CapEx and Guidance

SilverBow Resources Releases 2018 CapEx and Guidance

SilverBow Resources, Inc. (ticker: SBOW) recently announced its 2018 capital program of $245-$265 million. For 2018, SilverBow said that total company production is projected to average 175-195 MMcfe/d, an increase of approximately 25-40% from 2017 levels. This projection has been …

Top Five SEC Disclosure Issues for E&P 2016 Annual Reports: Haynes and Boone

Top Five SEC Disclosure Issues for E&P 2016 Annual Reports: Haynes and Boone

Get your DUCs in order

Energy attorneys Haynes and Boone recently looked at the top SEC disclosure issues for E&P company 2016 annual reports. The findings from Haynes and Boone appears below.

Comment letters issued in 2016 by the staff …

$2.3 Billion in Eagle Ford Assets Depart Anadarko for Sanchez Energy

$2.3 Billion in Eagle Ford Assets Depart Anadarko for Sanchez Energy

Sanchez Energy and Blackstone Energy Partners form 50/50 venture to acquire Anadarko Comanche assets producing approximately 67,000 BOEPD (33,500 net to Sanchez)

Sanchez Energy Corporation (ticker: SN) and funds managed by Blackstone Energy Partners (ticker: BX) have entered a strategic …

DUCs Haven’t Flown Fast Since April

DUCs Haven’t Flown Fast Since April

DUCs: Mid-Continent Plays See Spike in Drilled, Uncompleted Wells, Declines Elsewhere

Bloomberg Intelligence has released its updated counts of drilled, uncompleted wells. Total DUCs were estimated to stand at 3581 on September 1, a decrease of 196 since January and …

The Number of DUCs in the U.S. Climbs in October

The Number of DUCs in the U.S. Climbs in October

The EIA reported the number of uncompleted wells rose for the first time since July

The Energy Information Administration (EIA) released its monthly Drilling Productivity Report Monday. The November report forecasts that both oil and gas production in the United …

DUC Estimates – 5,031 Wells Await Completion: EIA

DUC Estimates – 5,031 Wells Await Completion: EIA

The total number of DUCs is declining, but remains elevated

Along with its monthly Drilling Productivity Report (DPR), the EIA released a supplement today which estimates the number of drilled uncompleted wells (DUCs) in the seven key oil and natural …

DUCs Flying Every Which Way

DUCs Flying Every Which Way

Trends suggest that operators are using their DUCs as a more capital efficient means of tapping production, rather than using them to grow production

For the past year, discussions in the oil and gas industry have been focused on asking …

Reasons for Not Completing a Well

Reasons for Not Completing a Well

Drilling but not completing wells–why is it done?

The uncertainty of the last year and a half surrounding the oil and gas industry has given rise to a multitude of different rationales about industry practices. Rig counts have been dissected, …

Whiting Pushes IRRs Above 40% with Williston Drilling Agreement

Whiting Pushes IRRs Above 40% with Williston Drilling Agreement

Whiting plans to exit 2016 with 30 DUC wells, as opposed to 74

Last week, Whiting Petroleum (ticker: WLL) announced that it entered into a wellbore participation agreement that will increase the number of completions on the company’s Williston acreage.…

Oil Price Recovery Would Take 18 Months if it Started Today – Continental Resources VP

Oil Price Recovery Would Take 18 Months if it Started Today – Continental Resources VP

An Oil & Gas 360® exclusive interview with Kirk Kinnear, vice president of crude logistics and hedging at Continental Resources

Market volatility has crude oil prices making huge swings, both up and down, with markets reacting to even just a …