Tag: Drilled

Backlog of drilled but uncompleted wells in Lower 48

Backlog of drilled but uncompleted wells in Lower 48

DUC wells present in every major basin, but 70% of “old” DUC wells located in two basins Drilled but uncompleted (DUC) wells represent more than 250,000 b/d of additional crude supply and 4.0 Bcfd of natural gas supply that could come into the market as prices begin to recover, according to Wood Mackenzie. Based on […]

By October 17, 2016 0 Comments Read More →
Alpine hype: will Apache’s new Permian Basin discovery deliver? – Wood Mackenzie

Alpine hype: will Apache’s new Permian Basin discovery deliver? – Wood Mackenzie

Apache estimates of 2,000 to 3,000 net Permian Basin locations, a 20+ year drilling inventory assuming an average of 6 rigs per year The announcement of a major resource discovery by Apache Corp. has Permian Basin watchers atwitter, according to Wood Mackenzie. The new Alpine High play could boost the Permian Basin profile exponentially — if Apache’s estimates […]

By September 13, 2016 0 Comments Read More →