Chart of the Day: Vienna! This Means Nothing To Me

Economist

Richard Iley

Thematic (Sector/Industry)

United states Oil, gas and consumable fuels / Thematic (Sector/Industry)

One key lead indicator of future shale oil supply that should be on all investors' radar is the US's Energy Information  Administration (EIA)'s estimate of so-called 'drilled but uncompleted wells' a.k.a DUCs.<a href="https://www.eia.gov/todayinenergy/detail.php?id=27932" target="_blank">The EIA started publishing the DUC data last September as part of its monthly Drilling Productivity Report (DRP)</a>. Data on DUC starts in late 2013. DUCs are wells that have been drilled by producers, but have not yet been made ready for production. The number of DUCs necessarily has…

One key lead indicator of future shale oil supply that should be on all investors' radar is the US's Energy Information  Administration (EIA)'s estimate of so-called 'drilled but uncompleted wells' a.k.a DUCs.The EIA started publishing the DUC data last September as part of its monthly Drilling Productivity Report (DRP). Data on DUC starts in late 2013. DUCs are wells that have been drilled by producers, but have not yet been made ready for production. The number of DUCs necessarily has…

Oil: DUC, You Sucker!