Is It Time To Go DUC Hunting For Oil? – SA

Recent rig counts have risen in shale oil from 316 to 326 over the first week of June. Investors are seeing growing signs of a predicted price response from cost cutting and technological improvements.

If rigs are rising, you can be sure that all those drilled, but uncompleted wells (DUCs) will be on the completion and frac schedules for many companies. Companies have backlogged an impressive number of DUCs over the last four years, and the cumulative number as of September 2015 was close to 4000.

Source: Is It Time To Go DUC Hunting For Oil? – The United States Oil ETF, LP (NYSEARCA:USO) | Seeking Alpha

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