Permian Basin operators are wrapping up 2025 with a notable rise in drilled but uncompleted wells (DUCs) — about 25% more than where they started the year. At first glance, that might look like deferred production, but it’s actually a calculated move shaped by market and operational realities.
Permian Basin Oil & Gas Operator Account Directory – $10
Includes: Account Name, Wells Drilled, Rig Count, Address, Website…
Oil Prices Driving Timing
With oil prices under pressure in late 2025, producers are showing discipline. By holding back completions, operators preserve optionality and avoid selling barrels into a softer market.
Drilling Efficiencies Create Flexibility
New efficiencies — with some wells drilled in as little as four days — mean operators can quickly ramp up completions when prices improve. Faster spud-to-rig-release cycles allow companies to front-load drilling while delaying completions without risking bottlenecks.
Pad Development Strategies
Large pad developments are adding to the DUC count. Operators are drilling full pads and waiting to complete them in stages, aligning with infrastructure readiness, service availability, and pricing signals.
Nimbleness for 2026
By carrying more DUCs into year-end, operators are effectively banking inventory. This approach keeps them nimble, giving flexibility to accelerate completions in 2026 if oil markets tighten — or scale back if prices remain weak.
Bottom line: The higher DUC count isn’t a sign of slowdown. It’s a strategic play: drill now, complete later, and stay agile in a volatile oil market.
