DUCs are Down to Lowest Point Since 2013 when EIA Began Tracking

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The U.S. Energy Information Administration recently published an article observing the number of DUCs (drilled but uncompleted wells) across all of the top shale regions in the country (both oil- and gas-focused) has decreased to its lowest point since the EIA began tracking such data in 2013. MDN plotted the data for the M-U from 2020 to date. What is this data telling us about shale drilling across the country and here in the M-U?

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