Note: the numbers in the spreadsheet below were transcribed from another source. It was difficult to read the chart and some of my numbers may be incorrect. I believe the most important columns ( the number of DUCs for the Bakken and the Permian) are accurate.
One of the most common memes regarding DUCs this past year was that the oil companies were making a major effort to complete DUCs to maintain production.
The reader and I did not see that in either the Bakken or the Permian. Note the first column, month/year.
Since January, 2020:
- DUCs in the Bakken:
- relatively stable, but did decrease from 843 (January, 2020) to 806 (November, 2020);
- it matters which months you compare: from January, 2020, to July, 2020, the number of DUCs actually increased
- DUCs in the Permian:
- relatively stable, but DUCs actually increased from 3,409 (January, 2020) to 3,516 (November, 2020)
Bakken |
Drilled |
Completed |
DUCs |
Permian |
Drilled |
Completed |
DUCs |
Jan 14 |
178 |
143 |
605 |
Jan 14 |
581 |
590 |
650 |
Dec 14 |
224 |
194 |
732 |
Dec 14 |
634 |
577 |
1041 |
Jan 17 |
62 |
52 |
781 |
Jan 17 |
352 |
259 |
1297 |
Dec 17 |
77 |
65 |
733 |
Dec 17 |
473 |
382 |
2034 |
Jan 18 |
107 |
72 |
768 |
Jan 18 |
487 |
403 |
2118 |
Dec 18 |
108 |
70 |
741 |
Dec 18 |
537 |
416 |
2937 |
Jan 19 |
120 |
71 |
838 |
Jan 19 |
585 |
476 |
3046 |
Dec 19 |
94 |
86 |
884 |
Dec 19 |
449 |
453 |
3417 |
Jan 20 |
99 |
94 |
843 |
Jan 20 |
448 |
438 |
3409 |
Mar 20 |
94 |
108 |
824 |
Mar 20 |
460 |
442 |
3447 |
Jul 20 |
18 |
25 |
860 |
Jul 20 |
149 |
101 |
3562 |
Oct 20 |
19 |
32 |
818 |
Oct 20 |
141 |
156 |
3536 |
Nov 20 |
20 |
32 |
806 |
Nov 20 |
148 |
168 |
3516 |
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