Plenty of DUCs
This week, we have updated our DUC count and compared our data to this weeks EIA report and concerns of dwindling DUCs. While our data also highlights declining backlog since June, the decline has been relatively modest with PLENTY OF DUCs left for 2020. With PLENTY OF DUCS to draw, U.S. completion & production activity can easily outpace the rig count AGAIN in 2020 (completions were FLAT in 2019 vs rig count down -8%).
For access to the full report visit: https://corasresearch.com/reports/