IDEAS home Printed from https://ideas.repec.org/a/aen/journl/ej42-3-elbakidze.html
   My bibliography  Save this article

All the DUCs in a Row: Natural Gas Production in U.S

Author

Listed:
  • Douglas Mugabe, Levan Elbakidze, and Tim Carr

Abstract

Using data from seven shale gas regions in the United States, we examine natural gas production in terms of drilling rig activity and well completion rates. Our objective is to examine the determinants of well completion decisions in the U.S. natural gas production. We observe that in recent years, the explanatory power of drilling rig count has declined. On the other hand, the number of producing wells remains a significant factor for explaining the variation in gas production. We find that an increase in the number of drilled but uncompleted wells (DUCs) plays a significant role in natural gas supply. The number of DUCs depends on drilling rig activity and futures prices of oil and natural gas. Also, our results indicate that well completion decisions and the duration of DUC status depend on oil and gas prices, pipeline capacity, producing well type and well depth.

Suggested Citation

  • Douglas Mugabe, Levan Elbakidze, and Tim Carr, 2021. "All the DUCs in a Row: Natural Gas Production in U.S," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 113-132.
    • Handle: RePEc:aen:journl:ej42-3-elbakidze
    as

    Download full text from publisher

    File URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=3654
    Download Restriction: Access to full text is restricted to IAEE members and subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ali, Muhammad Kashif & Zahoor, Muhammad Khurram & Saeed, Asif & Nosheen, Safia & Thanakijsombat, Thanarerk, 2023. "Institutional and country level determinants of vertical integration: New evidence from the oil and gas industry," Resources Policy, Elsevier, vol. 84(C).
    2. Lee, Young Gwan & Elbakidze, Levan, 2024. "Unconventional Oil and Gas Development and Safe Drinking Water Act Compliance," 2024 Annual Meeting, July 28-30, New Orleans, LA 343835, Agricultural and Applied Economics Association.
    3. Pastor, Daniel J. & Ewing, Bradley T., 2022. "Exploding DUCs? Identifying periods of mild explosivity in the time series behavior of drilled but uncompleted wells," Energy, Elsevier, vol. 254(PB).

    More about this item

    JEL classification:

    • F0 - International Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aen:journl:ej42-3-elbakidze. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: David Williams (email available below). General contact details of provider: https://edirc.repec.org/data/iaeeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.