US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators. The IHS Energy Analysis of Drilled, but Uncompleted Wells in the Eagle Ford Shale indicates DUCs can be converted to producing assets for 65% of the cost of a new drill, significantly lowering the economics when evaluated against remaining costs. Nearly 40% of the 1,400 DUCs are considered to have break-even costs below $30/bbl and belong to a few operators, including BHP Billiton, Chesapeake Energy Corp., Anadarko Petroleum Corp., EOG Resources Inc., ConocoPhillips, and Pioneer Natural Resources Co. Meanwhile, 33 other operators account for the rest of the Eagle Ford DUCs. “In this low oil-price environment, operators in the Eagle Ford and other US […]