From a reader, thank you very much.
The Bakken: drilled, completed, and drilled but not completed (DUCs). Note:
- just before the pandemic lock down, January, 2020, the high of 843 DUCs;
- one year later, January, 2021, the number of wells drilled in one month, down to 20;
- DUCs: at a record low -- most recent data
- may not be entirely accurate, but close:
- wells completed in February, 2022: 75
- DUCs completed in February, 2022: 13
- total number of wells completed: 88
- percent of DUCs/total wells completed: 15%
Month / Year |
Bakken |
||
|
Drilled |
Completed |
DUC |
Dec-13 |
-- |
-- |
570 |
Jan-14 |
178 |
143 |
605 |
Jan-17 |
62 |
52 |
781 |
Jan-18 |
107 |
72 |
768 |
Jan-19 |
120 |
71 |
790 |
Jan-20 |
99 |
98 |
843 |
Jan-21 |
20 |
41 |
756 |
Feb-21 |
19 |
24 |
751 |
Mar-21 |
25 |
47 |
729 |
Apr-21 |
27 |
52 |
704 |
May-21 |
29 |
68 |
665 |
Jun-21 |
31 |
52 |
644 |
Jul-21 |
32 |
62 |
614 |
Aug-21 |
39 |
70 |
583 |
Sep-21 |
41 |
79 |
545 |
Oct-21 |
42 |
78 |
509 |
Nov-21 |
45 |
73 |
481 |
Dec-21 |
50 |
73 |
458 |
Jan-22 |
51 |
73 |
436 |
Feb-22 |
62 |
75 |
423 |
The Permian: drilled, completed, and drilled but not completed (DUCs). Note:
- just before the pandemic lock down, January, 2020, the high of 3,413 DUCs;
- amazingly, drilling did not drop as fast in the Permian as it did in the Bakken;
- the drilling lows came in January, 2021
- DUCs: at a record low -- most recent data
- may not be entirely accurate, but close:
- wells completed in February, 2022: 429
- DUCs completed in February, 2022: 86
- total number of wells completed: 515
- percent of DUCs/total wells completed: 20%
Permian |
|
|
|
Month / Year |
Permian |
||
|
Drilled |
Completed |
DUC |
Dec-13 |
-- |
-- |
663 |
Jan-14 |
582 |
590 |
655 |
Jan-17 |
352 |
259 |
1,280 |
Jan-18 |
486 |
403 |
2,073 |
Jan-19 |
584 |
486 |
2,925 |
Jan-20 |
449 |
460 |
3,413 |
Jan-21 |
188 |
367 |
2,827 |
Feb-21 |
212 |
262 |
2,777 |
Mar-21 |
235 |
442 |
2,570 |
Apr-21 |
251 |
416 |
2,405 |
May-21 |
260 |
385 |
2,280 |
Jun-21 |
265 |
368 |
2,177 |
Jul-21 |
271 |
393 |
2,055 |
Aug-21 |
280 |
400 |
1,935 |
Sep-21 |
291 |
390 |
1,836 |
Oct-21 |
304 |
402 |
1,738 |
Nov-21 |
311 |
405 |
1,644 |
Dec-21 |
327 |
406 |
1,565 |
Jan-22 |
333 |
416 |
1,482 |
Feb-22 |
343 |
429 |
1,396 |
Not all months are shown, so the highs/lows could have been in other months, but one gets the general idea.
******************************
The Oil Patch
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