JD, Red, Td et al....US DUC's still droppingAre we getting close to the bottom of the tank? The big question how many of those are not worth completing. Many think we are near rock bottom...this is where the lack of big drilling activity increases start to bite.
Not enough drilling to offset natural well decline..
"US drilled but uncompleted wells (DUC) fell by 70 m/m to 4,223 in April according to EI"