Thought the DUCs would decrease-why haven't they?

You see it in some plays, i.e. Nobrara, but not across the board. Thoughts?

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Permalink Reply by CG on February 13, 2018 at 4:23

Not enough quality frac crews to meet the prices the service companies are looking to get for their services. A lot of workers left the industry and didn't come back after the downturn.

Permalink Reply by Skip Peel - Mineral Consultant on February 13, 2018 at 5:03

Yep, frac crews have been in short supply for awhile now.  Additionally, development patterns have changed and that has impacted the number of DUCs.  It is now somewhat rare to see a crew brought in for a single Haynesville or Cotton Valley well in Louisiana.  Completions operations are now performed on multiple wells sequentially.  Zipper fracs and multi-well completion ops are the new normal. This also helps to control costs and boost return.  The only constraining factor is take away capacity.  It takes a lot of pipe to handle that much gas.

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