8,432 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

U.S. Shale Backlog Declines, Except in Permian basin

Published in Oil Industry News on Wednesday, 17 July 2019

Graphic for News Item: U.S. Shale Backlog Declines, Except in Permian basin

The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016, as producers came under intense pressure from shareholders to rein in costs while boosting output.

The number of drilled but uncompleted wells, or DUCs, fell by 41 to 8,248 in June, according to the Energy Information Administration’s Drilling Productivity Report. That’s down from a record high of 8,315 in February. Demands for fiscal discipline are spurring more producers to finish existing wells.

“They have already sunk their cash into the drilling portion,” said Elisabeth Murphy, an analyst at ESAI Energy. “Now it’s just a matter of completing rather than drilling new wells.”

While the number of DUCs fell in most regions, the Permian saw an increase of 42. The West Texas basin has experienced pipeline bottlenecks that are expected to ease as soon as next month as new conduits start opening.

Hot Tip

Thousands of recruiters use oilandgaspeople.com to post jobs and find suitable candidates. We are the industry’s most popular job and news site. If you are in the market for a new job you need to have a profile on our site.

Production from the top seven shale regions is expected to increase by 49,000 bpd in August to 8.55 MMbpd, according to the EIA. Gains will be led by the Permian, where output is seen rising by 34,000 bpd.

Although production continues to scale new heights, the pace of increases is slowing. July’s forecast output was revised lower in this report.

Source: www.worldoil.com

Please leave comments and feedback below


Amercan Oil and Gas, Chevron Oil and Gas, Gulf of Mexico Oil and Gas, Oil and Gas News

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com