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  "docId": "019de50f-ea1a-75bc-9637-c7d163f587fe",
  "docSlug": "ed6eafdb06e73740b782ecedfc94c606",
  "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 44 slides",
  "authorId": "nustar-energy",
  "authorName": "NuStar Energy",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2020-08-01 00:00:00",
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  "pageNumber": 21,
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  "notes": "DUC = Drilled but Uncompleted wells. The slide uses a combination of area/line charts and a bar chart to illustrate the decoupling of rig counts and production.",
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      "kind": "chart",
      "text": "Permian Production and Rig Growth Since January 2018",
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      "kind": "chart",
      "text": "U.S. Drilled Wells Awaiting Completion Ratio",
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      "kind": "list",
      "text": "In 2018 and 2019 during the peak of our system’s growth, our producers completed approximately 500 wells each year within our system. Our system has over 500 DUCs that we expect to be completed over the next 12-18 months.",
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      "text": "In April, low oil prices incentivized producers to significantly reduce rig activity and well completions, which resulted in a rapid increase in Permian DUC inventories. Because the Permian DUC inventories grew so rapidly, rig count data is currently less relevant to near-term production growth. DUCs are now an important consideration in understanding production potential.",
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      "kind": "source-note",
      "text": "Source: Baker Hughes (July 2020), ESAI (July 2020), Rystad Energy (June 2020)",
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      "kind": "title",
      "text": "Our System’s DUC Inventory Will Help Our Customers Maintain Steady Production on Our System as Rig Activity Recovers",
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      "text": "PERMIAN CRUDE PIPELINE SYSTEM",
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