- Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 15% year-over-year and 11% year to date (YTD).
- The Permian and Niobrara regions have seen the largest declines YTD at 25% and 19% respectively.
- The Anadarko and Haynesville regions however are up 29% and 18% respectively YTD.
Sources:
- Energy Information Administration – https://eia.gov
About Trident Steel
Trident Steel is a leading supplier of oil country tubular goods, line pipe and poly pipe throughout the United States. We represent only the finest API-licensed domestic and international pipe mills and offer a wide range of services to meet customer needs. Our job-ready inventory includes new ERW and seamless API 5CT tubing and casing as well as API 5L/ASTM ERW line pipe. Our mission is to provide the best customer service, products, and availability in the industry. We are available 24/7 – contact us today to learn how we can serve you.