‘Pipe-casting’: Prognostications From The Oil Patch

Photo Courtesy Apache Corporation © Jim Blecha, www.oilandgasphotographers.com

Photo Courtesy Apache Corporation © Jim Blecha, www.oilandgasphotographers.com

Susan Murphy | Publisher

Spoiler Alert! The incessant barrage of news touting the imminent U.S. oil independence – a product of the shale revolution – has resulted in nothing short of an independence ‘daze.’ The IEA claims, “the U.S. will overtake Saudi Arabia as the world’s largest oil producer by 2020.” The ‘frack’ checkers caution against followingthe pied piper,especially as regulations and tax policies are still in question. No matter where you stand on the matter, sweet crude is certainly basking in the limelight and if the soothsayers’ predictions play out, OCTG could be in the sweet spot.

The big question right now is how are things expected to shape up in 2013? Many questions are still looming, which makes forecasting the future fraught with uncertainty. This same sentiment was expressed recently in a report released by Ernst & Young in early November where “caution and concern” were the watchwords going forward. Our general belief is that we’ll encounter “more of the same,” however sobering that may sound, in Q1 2013. This is to say more pressure on OCTG and commodity pricing, increasing capacity tonnages and further competition from imports unless the escalating analysis materializes into an actual trade petition. Our November Report fills in all the missing puzzle pieces and includes our predictions for the coming year.

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, Fracking, Horizontal Drilling, Oil & Gas Industry, Oil & Gas Pricing, Oil Patch, Shale, Shale Plays, Tubular Goods and tagged , , , , , , , , . Bookmark the permalink.

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