Author: James Jang

Are there really 4,000 DUC’s in the Permian? There might be less than you think.

How does Energent methodology compare to that of EIA?To many analysts and investors who monitor energy sector, drilled-but-uncompleted well (DUC’s) counts are an important metric along with CAPEX plans, acreage grades, and regional risk factors that might affect the production level in the near-term. As E&P’s increasingly focus on optimizing field development through multi-well pad drilling in a factory style[1], it is important to understand how this phenomenon could impact the DUC’s going forward. Energent’s undertaking begins with a well-by-well...

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Evolution of Permian Pad Drilling: Cube Development and the Pad Complex in Drilling Factories

The U.S. land rigs have been increasing along with the WTI price since mid-2016. In 2018, the US active land rig count was up 17% from the previous year. Energent's Rig Insights page suggests that currently there are 1,013 rigs operating as of last week of February. On a basin-by-basin level, the drilling activity in the Williston increased by 36% Y-o-Y, while the Eagle Ford and MidCon increased by 26% and 20%, respectively.Multi-well pad drilling is more mature in...

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