New analysis says DUCs can’t sustain US shale output

(Midland Reporter-Telegram) -- With capital to drill new wells in short supply and the COVID-19 pandemic sending oil demand crashing, oil and gas companies have turned to their inventory of drilled, uncompleted wells to keep supplies flowing.

But a new study by ESAI Energy said that the nation’s inventory of drilled, uncompleted wells could last only until mid-2021, accelerating production declines without a sharp rise in drilling activity.

Read the full article at: https://www.mrt.com/business/oil/article/New-analysis-says-DUCs-can-t-sustain-US-shale-15691581.php

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