Pioneer Natural Reso (PXD)
$186.20 up 0.87 (0.47%)
Volume: 1,249,374
-Price of WTI Oil: $50.49 @ bbl
-The IHS Energy Analysis of Drilled, but Uncompleted Wells [DUC] in the Eagle Ford Shale indicates DUCs can be converted to producing assets for approximately 65 percent of the cost of a new drill, significantly lowering the economics when evaluated against remaining costs. When considering the productivity of the Eagle Ford DUC inventory, nearly 40 percent of the *1,400 DUCs are considered to have attractive economics (break-even costs below $30 per barrel) and belong to a handful of operators, IHS said. Those operators include BHP Billiton, Chesapeake, Anadarko Petroleum, EOG Resources, ConocoPhillips and Pioneer Resources. Thirty-three other operators account for the remainder.
http://press.ihs.com/press-release/uncompleted-wells-eagle-ford-shale/large-inventory-drilled-uncompleted-wells-pose-oppo
*This article is not farm fresh [April 2015] so the number of DUC's in the Eagle-Ford has increased significantly since it was put out.
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