DUCS -- Update -- March 22, 2022

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. 

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The Oil Patch