Ducs

Consol Energy Inc. and Noble Energy Inc. have ended their joint venture (JV) in the Marcellus Shale, giving both companies a clearer path forward with regard to how those assets are developed, in a deal indicative of how rapidly the industry has changed since the partnership was formed in 2011.

While there have been some signs of reawakening from the long commodity price slumber in the Bakken Shale, the effects of more than two years of low crude oil prices continue to show in the number of drilled but uncompleted (DUC) wells.

Ohio pure-play Eclipse Resources Corp. said late Tuesday it has revived its idled drilling program and plans to take advantage of the improving natural gas strip by working down its drilled but uncompleted (DUC) inventory and ending price-related production curtailments.

The prolonged decline in the nation’s oil and natural gas rig count, falling production and a dwindling inventory of drilled but uncompleted (DUC) wells, paired with the long-awaited increase in gas demand from nearly every corner of the market, could signal a recovery in commodity prices sooner rather than later.

U.S. oil supply growth has begun to moderate, but better-built wells could keep domestic supply in 2018 at close to 2014 levels, even with fewer rigs, Raymond James & Associates analysts estimated.

The need for more takeaway capacity out of the Marcellus and Utica shales has become a common refrain, but with a long list of projects on tap the Northeast could be headed for a pipeline overbuild, according to RBN Energy LLC President Rusty Braziel.

Oasis Petroleum Corp.’s senior executives are unsure when or at what commodity price they plan to “pull the lever” to redeploy rigs, but the Bakken Shale-focused producer is lining up its drilled but uncompleted (DUC) wells to start, many in the core of the North Dakota formation.

Oasis Petroleum Corp.’s senior executives are unsure when or at what commodity price they plan to “pull the lever” to redeploy rigs, but the Bakken Shale-focused producer is lining up its drilled but uncompleted (DUC) wells to start, many in the core of the North Dakota formation.

Even if U.S. oil prices were to strengthen this year and producers were compelled to work on their backlog of uncompleted onshore wells, it’s unlikely new production would overcome depleted inventories, based on an analysis by Barclays Capital.