U.S. SHALE INDUSTRY: Burning Through DUC Inventories To Stay In Business
It looks like the U.S. Shale Oil Industry is using one last trick to keep the LIGHTS ON a bit longer. Due to low oil prices and the lack of available investment funds, the shale oil industry is working through a large percentage of its DUCs – Drilled Uncompleted Wells. After reaching a record high in June 2020…
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