Name: Getting our DUCs in a row again: does the Permian backlog fly away?
Brand: Wood Mackenzie
SKU: 103023
Price: 1350 USD
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Author: Wood Mackenzie

Insight 22 January 2019

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The drilled but uncompleted (DUC) well count in the Permian has surged. After adding a record 800 new DUCs in 2018, there are now nearly 3,000 uncompleted tight oil wells in the Midland and Delaware basins. Is this the new norm because of larger pads, or just the result of last summer's aggressive rig build? Schlumberger recently commented that it expects shale producers to focus on DUCs instead of drilling new wells in 2019. We took a deep dive to show how inflection points in both price outlooks and producer behaviour are setting the stage for a meaningful change to the trajectory of the Permian DUC count. What could this mean for supply growth and why will DUCs be a focused area of spend?</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Why the unprecedented build?
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<li class="list__item-toggle font-semibold">
        Pumping the brakes
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<li class="list__item-toggle font-semibold">
        Price incentives matter
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<li class="list__item-toggle font-semibold">
        The outlook for 2019 Permian DUCs
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<li class="list__item-toggle font-semibold">
        DUCs matter, but production isn't guaranteed
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        <li class="list__item push-quarter--bottom">Permian horizontal rig outlook</li><li class="list__item push-quarter--bottom">Permian DUC count trends</li>
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<p class="font-regular" >Getting our DUCs in a row again: does the Permian backlog fly away?</p>
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