U.S. oil production has fallen more than 2 million barrels per day since March 2020. Many reasonably expect that DUCs (drilled uncompleted wells) provide a solution to output falling further. They won’t. There are about 5,800 DUCs in the main U.S. tight oil plays. These are already drilled and...
https://www.hellenicshippingnews.com/ducs-wont-save-u-s-oil-production/