05182021Tue
Last updateTue, 18 May 2021 4pm

End-User News

U.S. Drilling on Path to Recovery

After the number of drilled but uncompleted (DUC) wells demonstrated a dramatic drop across multiple U.S. basins in the past year, heightened drilling activity and stable commodity prices are starting to reveal a recovery of young DUCs.

Drilling and completions activity continued its strong recovery trajectory during the first quarter of 2021 as higher rig and frac crew counts led to higher U.S. production, according to S&P Global Platts Analytics. In general, completions outpaced drilling which led to a higher utilization of the U.S. DUC inventory.  

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