Backlogs in the Marcellus/Utica – COBs and DUCs

We’ve seen signs of increased drilling in the Marcellus/Utica. Just look at the Baker Hughes rig counts month by month. Ever so gradually, the number of rigs operating in our region is creeping back up. The smart analysts at BTU Analytics have been crunching the numbers and looking at the data–and they have a theory about why new drilling is coming back, very soon, in the Marcellus/Utica. It all has to do with the backlog. You’ve heard about DUCs–drilled but uncompleted wells. But have you ever heard of COBs? That’s Completed wells on backlog. Depending on where you are located in PA, COBs have a great deal to do with where drilling will happen…

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