Monday, April 11, 2016 -- Median Days For DUC Status Continues To Increase -- Now Over 160 Days

Saudi banking. Something just happened with regard to Saudi banks.

Oil rally. Bloomberg.

ObamaCare. UnitedHealth makes good on promise. If this link breaks, see this post.

Alternative to ObamaCare taking off. Wall Street Journal.

NGLs: prices headed back up -- RBN Energy.

Crushed: went short and got crushed -- WSJ.

Jordan collapses. Yahoo!

Active rigs:

	4/11/2016	04/11/2015	04/11/2014	04/11/2013	04/11/2012
Active Rigs	31	93	190	187	208

Iowa formally issues Dakota Access pipeline permit -- Dickinson Press. Pipelines tracked here.

DUCs. Emergent Group has update on DUCs in the Bakken. This is a pretty good update with lots of graphs and a Q & A format. For example:

What was the typical timeframe for a DUC in North Dakota? In 2013 and 2014, the average days as a DUC was between 60 to 75 days. That changed dramatically in 2015.

The rolling median days spent as a DUC continues to increase, now over 160 days. This analysis capped DUCs at 365 days to remove possible outliers and reporting errors.

Likewise, this graphic is pretty cool -- this is the percentage of wells by pad size across the state of North Dakota. Almost 50% of wells in North Dakota are on 5+ well pads. Think of the cost savings and environmental advantages. CLR can claim bragging rights for advocating multi-well pads, although I'm sure others will toot their own horn. It takes a village to do pad drilling.

If interested, here is another Energent Group post on North Dakota DUCs.

As of April 11, 2016, there were 27 DUCs still on the 1Q15 wells.