Reducing drilled but uncompleted (DUC) wells may limit the increase in future crude oil production growth without further drilling.
According to the US Energy Information Administration’s (EIA) Drilling Productivity Report (DPR), the number of wells completed each month has exceeded the number of wells drilled since July 2020, resulting in fewer DUC wells in the United States. Although the number of active oil-driven rigs drilling new oil wells has…
