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Title : The Energy And Market Page, T+126 -- May 26, 2017
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The Energy And Market Page, T+126 -- May 26, 2017

Workforce: Rigzone has an interesting article on workforce in US shale sector. Some data points:

• after the huge layoffs in the oil sector, now that operators need them back, the workers are increasingly harder to come by
• DUCs: between March and April, the number of DUCs increased in the US by 187
• that's part of an increase of 529 DUCs since the beginning of the year
• April, 2017: records the highest number of DUCs since April, 2014 -- five months before the generally accepted "beginning" of the downturn 
• DUCs
• • April, 2017: 5,721
  • April, 2016: 5,452
  • April, 2015: 5,303
  • April, 2014: 4,063
• analysis: it will take awhile (months, quarters, not weeks) to whittle down those DUCs) and the loss of workers during the huge layoffs will delay things

My hunch: won't amount to much of a problem in the Bakken.

http://ift.tt/2dZyQXu

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