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Tuesday, July 19, 2022

DUC Report -- July 19, 2022

A reader sent me the recent data for DUCs from all major oil and gas plays in the US. I only post the Bakken data.

Bakken DUCs: from a reader, most recent data, down below.

The reader noted that in the big scheme of things, there were relatively few completions.

I replied: I didn’t have the numbers but I was suspecting that. I don’t think the refiners have any spare capacity.

The reader's reply:

Yes, and they're getting all the oil they need from the SPR...why work for what comes from the govt without any effort?
Something i meant to add as a comment; last week's Petroleum Status Report summary said "U.S. crude oil inventories are about 5% below the five year average for this time of year." 
I knew that couldn't be right, so i did the math and found crude inventories were almost 8% below the 5 year average. I was surprised they had that wrong; I had assumed those summaries were somehow automated. 
I'll be watching that tomorrow, to see if they fix it..


Bakken


Drilled

Completed

DUC

Dec-13

--

--

570

Jan-14

178

143

605

Feb-14

210

158

657

Mar-14

224

218

663

Apr-14

217

207

673

May-14

226

208

691

Jun-14

236

225

702

Jul-14

250

243

709

Aug-14

226

207

728

Sep-14

256

232

752

Oct-14

186

243

695

Nov-14

209

202

702

Dec-14

224

194

732

Jan-15

197

193

736

Feb-15

230

151

815

Mar-15

182

170

827

Apr-15

142

127

842

May-15

124

139

827

Jun-15

110

135

802

Jul-15

102

124

780

Aug-15

111

101

790

Sep-15

99

92

797

Oct-15

118

84

831

Nov-15

100

89

842

Dec-15

98

78

862

Jan-16

71

80

853

Feb-16

61

41

873

Mar-16

68

45

896

Apr-16

43

39

900

May-16

46

59

887

Jun-16

42

54

875

Jul-16

45

56

864

Aug-16

53

82

835

Sep-16

49

66

818

Oct-16

59

85

792

Nov-16

61

86

767

Dec-16

53

49

771

Jan-17

62

52

781

Feb-17

51

58

774

Mar-17

78

71

781

Apr-17

78

104

755

May-17

94

82

767

Jun-17

76

105

738

Jul-17

95

103

730

Aug-17

99

110

719

Sep-17

98

97

720

Oct-17

104

110

714

Nov-17

93

86

721

Dec-17

77

65

733

Jan-18

107

72

768

Feb-18

74

74

768

Mar-18

95

90

773

Apr-18

109

110

772

May-18

124

131

765

Jun-18

108

118

755

Jul-18

134

155

734

Aug-18

108

138

704

Sep-18

108

122

690

Oct-18

120

118

692

Nov-18

110

99

703

Dec-18

108

70

741

Jan-19

120

71

790

Feb-19

108

56

842

Mar-19

111

110

843

Apr-19

118

112

849

May-19

127

127

849

Jun-19

118

149

818

Jul-19

122

122

818

Aug-19

122

144

796

Sep-19

110

88

818

Oct-19

116

108

826

Nov-19

96

88

834

Dec-19

94

86

842

Jan-20

99

98

843

Feb-20

94

100

837

Mar-20

94

108

823

Apr-20

69

33

859

May-20

33

14

878

Jun-20

18

11

885

Jul-20

18

22

881

Aug-20

19

27

873

Sep-20

18

51

840

Oct-20

19

41

818

Nov-20

20

31

807

Dec-20

20

50

777

Jan-21

20

41

756

Feb-21

19

24

751

Mar-21

25

45

731

Apr-21

27

46

712

May-21

29

62

679

Jun-21

31

33

677

Jul-21

32

63

646

Aug-21

39

71

614

Sep-21

42

81

575

Oct-21

43

82

536

Nov-21

46

78

504

Dec-21

52

75

481

Jan-22

53

75

459

Feb-22

64

75

448

Mar-22

66

76

438

Apr-22

58

69

427

May-22

74

76

425

Jun-22

76

77

424

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