Oil Rally May Boost Allure of Drilled-But-Uncompleted Wells
The rising price of oil may make drilling uncompleted wells the cheapest means of adding production.
This article is for subscribers only.
U.S. shale producers may take advantage of the rising price of WTI by tapping their drilled but uncompleted wells, as they offer one of the cheapest means of adding production, according to the latest research from Bloomberg Intelligence.
“As we cross into the $50-55 a barrel range, DUC draw-downs may start to gradually pick-up,” said Will Foiles, Bloomberg Intelligence analyst. “If we cross $60 a barrel we may see this draw-down pick-up considerably."