Wednesday, September 9, 2020
The recovery of fracking operations in the U.S. is happening in large part due to an unusually high inventory of drilled but uncompleted wells (DUCs), which is strong enough to sustain the current level of fracking deep into 2021 without the industry adding more rigs to expand drilling, a Rystad Energy analysis shows. After DUCs run out, rig activity in the five key oil regions needs to be in the 280-300 range to maintain flat oil output.