Tuesday, December 21, 2021

DUC Update -- Bakken -- November, 2021

The raw data sent to me by a reader. Calculations (the last two columns) were added.

Reminder: it is now the norm in the Bakken for simultaneous fracking wells on the same pad, completing four to eight wells in the same two-week period (or near-simultaneous). So one frack spread can "knock out" four to eight wells "at a time, while a single rig is drilling to depth one, maybe two wells. 

Those DUCs are "money in the bank."

BAKKEN





Drilled

Completed

DUCs

DUCs/Drilled

DUCs/Completed

Dec-13

--

--

570



Dec-14

224

194

732

327%

377%

Dec-17

77

65

733

952%

1128%

Dec-18

108

70

741

686%

1059%

Dec-19

94

86

843

897%

980%

Dec-20

20

50

778

3890%

1556%







Jan-21

20

42

756

3780%

1800%

Feb-21

19

26

749

3942%

2881%

Mar-21

25

47

727

2908%

1547%

Apr-21

27

52

702

2600%

1350%

May-21

29

68

663

2286%

975%

Jun-21

31

65

629

2029%

968%

Jul-21

32

62

599

1872%

966%

Aug-21

39

66

572

1467%

867%

Sep-21

41

68

545

1329%

801%

Oct-21

42

71

516

1229%

727%

Nov-21

43

73

486

1130%

666%

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