US NATGAS: EIA Drilling Productivity Report: a modest return to growth
Mar-21 14:23
- Feb 2025 EIA drilling productivity report has shale activity up after 2year depression
- Both completions and DUCs rising
- Peak 2022 cycle of nearly 1200 drilled wells, bottoming around 900 wells drilled in mid2024, and rebounding to 935 in Feb. 2025
- DUC completions were a major driver of production growth and stability over the past five years, with DUC count dropping from >10,000 to just above 5,000 end 2024
- In the Feb report, DUC count added 7 to 5,287 potentially indicating a reversal of the downward trend
- Added drilled gas wells spread out between the Eagle Ford, Permian, and Appalachia
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