Measuring Up Mid-Term OCTG Inventory

 

Photo Courtesy Boomerang Tube, LLC

Susan Murphy | Publisher

It’s that halfway point in the year when we go to great lengths to determine if the ‘yard’ is half full or half empty. Yes, it’s our quarterly inventory yard survey designed to measure the demand for OCTG; and it encompasses every segment of the supply chain across the lower 48.

So how did the quarter measure up? While our July Report goes into great detail, the primary takeaway for this quarter is that inventories of “prime” pipe rose only slightly in Q2. Do we hear a collective sigh of relief? While there’s more than enough to give pause going forward, there’s a fair amount of positive news in the oil patch, too. Thus, by our analytics, we see the ‘yard’ as half full – suggesting that inventories are stacked in our favor, at least for the short term.

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, Inventory, OCTG, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Pipe, Prime Pipe, steel industry, Supply Chain, Tubular Goods and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s