Focus On Fracking -- February 20, 2022

Link here. The lede:

• oil supplies at a 13-year low;
• oil + products supplies at a 7 1/2 year low;
• DUCs down 40% YoY, lowest since Jan 2014
• US oil supplies are at a 13-year low,
• Strategic Petroleum Reserve at a 19-year low;
• total oil + products supplies at a 7 1/2-year low;
• distillate supplies are at 26-month low after refinery freeze offs;
• DUCs down 40% YoY and are lowest since Jan 2014 with DUCs in 4 basins at record lows;
• 5.0 month DUC backlog is lowest in 7 years;
• natural gas rigs rise most in 57 months