As we noted in this email, we recently made significant updates to how we acquire and process certain well-related data. Following Thursday’s go-live, we identified additional nuance in how Texas wells report completion dates and, as a result, made further refinements to how those completion reports are handled. Specifically, we have reprioritized our Texas completion-date sources, with Frac Focus first, state data second, and satellite data last. In short, because many Texas wells do not consistently report the fracking dates we use as completion dates, we are relying more heavily on the sources that best align with that definition. These changes are now live, and the related DUC count updates will be reflected beginning Monday morning.

As discussed previously, this does not affect our core datasets for rigs, crews, or their derivatives, including the short-term forecast. This update is limited to how we true up completion timing after the fact, once additional and better-aligned information becomes available.

What Has Changed?

 This update applies only to Texas wells. It does not materially alter the overall DUC trajectory, but it does change the timing of some completion dates and, therefore, shifts DUC counts in certain historical and current periods. That movement reflects improved alignment between reported activity and the completion-date logic we apply. In the charts below, blue reflects what you will see on Monday, green reflects the current state, and red reflects where we started prior to this effort. 

What Does it Mean for You?

Again, this update is separate from our core datasets for rigs, crews, and related products such as the short-term forecast. As you could see on 26 March, we saw only limited changes in rigs (due to eliminating some non-production wells), no changes in crews, and normal variation in the STF.

More broadly, this is exactly why we undertook this effort. By bringing more of the data collection and validation process in-house, we are improving our ability to control quality at the source, reconcile discrepancies more quickly, and strengthen historical accuracy when source data evolves. The DUC updates are simply the most visible result of that work.

Hyperion is designed to improve continuously. We regularly refine both our data inputs and our algorithms so that the output reflects field reality as closely and reliably as possible.

As usual, reach out to support@synmax.com with any questions.