Highlights Oil prices are plunging on fears of low demand, surging supply Bakken shale operators are sitting on a DUC inventory of ~420 wells How many wells could be brought online at current prices?  While WTI crude oil prices continue to plunge on fears of low demand and surging global supply, North Dakota shale operators currently sit on a drilled but uncompleted inventory of ~420 wells (eliminating older vintages that are unlikely to ever be completed). Assuming a sunk cost of ~25% total drilling and completion, how many of these wells could be brought online in the current price environment while still breaking even? Currently ~33% of the North Dakota DUC inventory sits within McKenzie County, which produces the most efficient wells in terms […]