The slowdown in US fracking activity that the Covid-19 pandemic-driven downturn brought this year has caused an inventory increase of about 750 drilled but uncompleted (DUC) wells just in the last three months, a Rystad Energy analysis of major liquid basins finds. The backlog, which will likely increase in June, is equivalent to about two years of fracking at the current pace.
When it comes to the regional trends for the inventory of drilled wells awaiting frac services, we see a particularly strong build-up in the Permian Basin where almost 500 wells were added over the past three months. All other major liquids basins combined saw a build-up of about 270 wells in the same period.
https://www.rystadenergy.com/newsevents/news/press-releases/us-fracking-slowdown-set-to-add-at-least-two-years-of-backlog-work-as-duc-wells-pile-up/
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