RE:RE:JD, Red, Td et al....DUC chart update..your opinion..It has been difficult to find this data. I see from 2013 through 2018 at times we has 500 which is what supressed prices through that time period. I would assume it was even higher 2008-2012
That said 279 the current count is very low to those time periods
Chrisinvan7 wrote: Adjusted for the CPI, $120 WTI is about $85 in 2007 dollars. We'll need oil to go significantly higher to incentivize the investments needed to replace the aging equipment and pay the increased labour and material costs to increase the frac spread count.
What was the count at 2007? Would be interesting to zoom out a bit more on this graph.