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DUC and recover: a play-level look at the L48 uncompleted well backlog


DUC and recover: a play-level look at the L48 uncompleted well backlog

Report summary

Drilled but uncompleted wells (DUCs) gained prominence in early 2015 as commodity prices continued to fall and operators chose to leave the resource in the ground until prices improved. The number of wells currently in the DUC backlog represents, at its peak, 250,000 bbl/d of additional crude supply and 4.0 bcfd of gas supply that could come online relatively quickly as prices recover. The decision to complete the backlog can be made at much lower commodity prices as compared to new drill opportunities given drilling costs are sunk and breakeven economics can be up to 30% lower. Based off of our proprietary North American Well Analysis Tool ('NAWAT'), this detailed data set and analysis outlines how Wood Mackenzie estimates and tracks drilled but uncompleted (DUC) wells throughout the US Lower 48.


What's included?

This report includes 2 file(s)

  • DUC and recover - a play-level look at the L48 uncompleted well backlog.pdf PDF - 1.14 MB
  • DUC and recover - a play-level look at the L48 uncompleted well backlog.xls XLS - 5.73 MB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • DUC and recover: a play-level look at the L48 uncompleted well backlog
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