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

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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