Downhole or Downhill?

Copyright © Encana Corporation. All rights reserved.

Susan Murphy | Publisher

This month in the oil patch we took an informal poll across the supply chain to examine the OCTG outlook for the balance of the year. The consensus: we’re entering a period that has all the hallmarks of a lull. Whereas the rig count has remained relatively resilient this year, the record declines in nat gas prices combined with the recent drop in oil prices and oil-directed rigs denote drilling may have plateaued. Although no one is implying the sky is falling, we can see that one by one the principal drivers of growth are tapering, which suggests a slowdown in upstream activity.

The Gulf may spell some relief in all this but ultimately it comes down to economics. As national economies are the final customer for hydrocarbons and much of the outcome is tied to events overseas, we can’t help but wonder will the fate of OCTG for the remainder of the year be downhole or downhill?

About The OCTG Situation Report

Susan Murphy is the Publisher + Editor in Chief of The OCTG Situation Report, a leading authority focused on the North American Oil Country Tubular Goods market. Susan has worked alongside the founder of The OCTG Situation Report, Duane Murphy (and yes, there is a family connection!) for the past decade assisting in various aspects of producing the monthly publication and special projects including market research and development. It had long been suspected that Susan carried the 'OCTGene,' a fact that was confirmed when she took the reins in 2012. A native of Michigan and now practicing cowgirl, Susan employs her education from both the University of Michigan and Michigan State University bringing her expertise in the areas of research, marketing, branding and creative and technical writing to The Report. She has also enjoyed a successful business career as a lauded entrepreneur, running her own brand/marketing and advertising/design firms.
This entry was posted in Energy, OCTG, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Petroleum, Pipe, Shale Plays, steel industry, Tubular Goods and tagged , , , , , , , , , , . Bookmark the permalink.

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