- Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 37% year- over-year (‘YoY’).
- The Permian and Bakken regions have seen the largest declines YoY at 59% and 40%, respectively.
- The Anadarko and Haynesville regions, however, are both up 16% YoY.
Sources:
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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.