Drillers across the United States are not drilling new wells but working to complete DUCs or drilled but uncompleted wells as prices remain low.



That's especially true in shale-drilling areas, said Ponderosa Advisors LLC managing partner Bernadette Johnson speaking at a recent Pittsburgh conference.



The number of DUCs across the U.S. has fallen to about 3,1000, down from an estimated 4,600 late last year, according to estimates.



DUCs piled up even as new drilling plunged, said Johnson in stories in Kallanish Energy and Natural Gas Intelligence.



The number of wells being drilled in the U.S. has dropped from 3,000 a month to just under 1,000 a month, due to low commodity prices, she said.