US sees drop in drilled but uncompleted wells

Rise in frac crews is seen as welcome news

 

The number of drilled but uncompleted oil wells in the U.S. fell again in March according to new information released Monday by the Department of Energy.

The total of DUCs in January was 4,528 and fell to 4,372 or a decline of 156 by February.

 

In the Anadarko Basin, the number of DUC wells fell from 758 in January 2022 to 748 in February.

The graph below shows the decline in other oil and gas plays.

 

Drilled but uncompleted wells (DUC)
wells
Region January 2022 February 2022 change
Anadarko 758 748 (10)
Appalachia 457 443 (14)
Bakken 436 423 (13)
Eagle Ford 683 664 (19)
Haynesville 369 369
Niobrara 343 329 (14)
Permian 1,482 1,396 (86)
Total 4,528 4,372 (156)

The Energy Department also released figures on the average decline in oil and gas production in the same basins.

 

New-well oil production per rig
barrels/day
New-well gas production per rig
thousand cubic feet/day
Region March 2022 April 2022 change March 2022 April 2022 change
Anadarko 764 749 (15) 3,890 3,773 (117)
Appalachia 189 189 30,378 29,861 (517)
Bakken 1,963 1,879 (84) 2,748 2,630 (118)
Eagle Ford 2,116 2,053 (63) 7,597 7,369 (228)
Haynesville 19 19 11,973 11,758 (215)
Niobrara 1,593 1,577 (16) 4,201 4,117 (84)
Permian 1,171 1,157 (14) 2,293 2,265 (28)
Rig-weighted average 1,086 1,072 (14) 6,272 6,257 (15)