DUCs

A recent datathon and the team that took home the grand prize help paint a picture of both the industry’s’ digital transformation and how oil and gas engineers are embracing it to navigate uncertain times.

Average production from Bakken wells completed more than 3 years after they were drilled was approximately equal to wells drilled a year before they were put into service, according to a study by the US Energy Information Administration.

A new report expects US producers to drill their highest number of wells since 2014, and that completion activity may exceed drilling for the first time since 2016.

There is no single reason that they all exist—and bringing them all on line will face challenges.