Highlights Market mixed if higher or lower price needed Platts: $50/b oil enough to bring production DUC decisions also hinge on takeaway ability Houston — The volume of drilled but unproduced wells continues to build across the US to record levels, but market sentiment is mixed on whether oil prices need to continue to recover from levels now around $50/b to entice new production. Receive daily email alerts, subscriber notes & personalize your experience. Register Now As the price of oil began to slip early in Q4 2018 from the mid-$70s/b, many upstream operators projected they would begin producing their DUC inventory in early 2019. But oil has since slid to mid-2017 levels and producers’ views may have changed. On Wednesday, front-month WTI crude futures settled at $52.36/b, up $2.58 on the day, as prices continued to climb for a recent low of $44.61/b December 27. While crude prices […]