Record-Low U.S. Shale Well Backlog Curbs Fast Output Gains Amid Export Surge
The U.S. shale backlog of drilled-but-uncompleted wells has fallen to a record low, constraining how quickly producers can raise output even as exports surge, according to analysts.
Many DUCs counted by EIA are unlikely ever to be completed, further limiting readily available supply. Producers have begun replenishing the inventory as oil prices rise and rig counts increase.
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@staunovoRecord-low U.S. shale well backlog curbs fast output gains amid export surge Low DUC inventory limits rapid US shale output growth, analysts warn Analysts say many DUCs counted by EIA are unlikely to ever be completed Producers begin replen
@oilheadlinenewsRecord-low U.S. shale well backlog curbs fast output gains amid export surge - Reuters Low DUC inventory limits rapid US shale output growth, analysts warn Analysts say many DUCs counted by EIA are unlikely to ever be completed Producers