Tweets Of the Week
The chart is from Rystad, the comments from Christine Guerrero, somebody always worth keeping up with. Permian tight oil has got no...
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"Wells are getting worse and that is going to continue," said Dane Gregoris, managing director at
Enverus Intelligence Research firm.
But new oilfield innovations, which began being implemented more widely last year, have made it possible for fracking to be faster, less expensive and higher yielding.
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This chart would imply that all wells that were classified as DUC's drilled in 2020,
have now been completed.
What does that suggest about wells drilled before 2020 that are still classified as DUC's?
They are dead DUC's.
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
Mike Shellman
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