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Bakken DUCs Rise to Nearly 1,000 

Operators in Bakken are watching the uncompleted inventory closely. Continental Resources and others announced that fracturing operations would resume at $50-55 oil. Oil prices are now in the mid-$40's; however operators continue to evaluate second half drilling & completion plans that include reducing the backlog of uncompleted wells. 
 

Eagle Ford DUCs Stabilize at 1,250

After almost 18 months of decline, the change in uncompleted inventory in Eagle Ford is flat. The recent positive increases in Eagle Ford rigs show several operators commitment to the south Texas shale play. With active rigs concentrated in Karnes county, EOG, Marathon, and Statoil continue to drill in the Eagle Ford. 


In case you missed it, the US Energy Information Association (EIA) released their Short Term Energy Outlook last week stating with global supply outages and geopolitical events will continue to introduce volatility into the market. Read Energent's summary of EIA's outlook here.  


Rigs Add +19, 4.6% Taking Rig Count to 435

 

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Summary of Plays

  • Permian Basin +5.0% to 168 rigs compared to last week's 160 rigs
  • Eagle Ford +6.1% to 35 rigs compared to last week's 33 rigs
  • Cana Woodford -3.4% to 28 rigs compared to last week's 29 rigs
  • Williston stayed flat at 27 rigs this week
  • Marcellus stayed flat at 23 rigs this week
  • DJ-Niobrara +12.5% to 18 rigs compared to last week's 16 rigs
  • Utica stayed stayed flat at 12 rigs this week
  • Mississippian +20.0% to 6 rigs compared to last week's 5 rigs
  • Haynesville stayed flat at 16 rigs this week
  • Granite Wash +12.5% to 9 rigs compared to last week's 8 rigs


You can find Energent Group's past weekly insights here

 

About Energent Group

Energent Group is a market research firm focused on well life-cycle & frac market intelligence--how much sand operators use, who's pumping, what they're pumping. We help sales & marketing teams commercialize new products, work with up-to-date operator data, & track well completions in top U.S. shale plays: Texas (Eagle Ford, Wolfcamp), North Dakota (Bakken), Colorado (Niobrara), more.


 
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