Shale Tsunami Waiting To Erupt In US?

摘要

It would not be entirely wrong to say that the advent of massive shale reserves in the US triggered a hugely positive turnaround for the country in the oil & gas segment. But then came a period of depression in the global crude market which caused a setback to the segment globally and American companies too suffered hugely. But now,the tide appears to have turned in the opposite direction. The number of drilled but uncompleted wells(DUCs)in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply,even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell,essentially uninterrupted,for more than two years. The total number of DUCs hit 8,723 in November 2018,up 287 from a month earlier. That figure is also up sharply from the 5,271 from the same month in 2016-a 60 percent increase.