Watch for Falling Gas DUCs
Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
hartenergy.com
Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to 295, according to a J.P. Morgan Securities analysis of Enverus data.
The U.S. gas-well DUC count is declining precipitously, particularly in the Marcellus Shale, according to new Enverus data.
Typically, more gas wells are turned inline (TIL’ed) beginning after summer to capture winter-month futures prices.
But U.S. producers departed from this in 2023 as a persistently low Henry Hub price resulted in the total number of gas DUCs climbing to more than 600 in January 2024, according to the Enverus data.
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Replies to This Discussion
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Permalink Reply by M B Gilster
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Can sorta relate as 2 DUC's w/ PNG that have been plugged since 2022 completion were frac'd & were TIL'ed last week of Dec.
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Permalink Reply by Skip Peel - Mineral Consultant
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It's about time. There are way too many Haynesville wells in limbo. I wish the article was more specific on HA DUCs.
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