‘Shale’ House Rock: A Rock Solid Fourth Quarter for OCTG

Photo Courtesy Tenaris

Photo Courtesy Tenaris

Susan Murphy | Publisher

Susan Murphy | Publisher

Drum roll, please… It’s our 27th year of monitoring and reporting on OCTG and time to raise the curtain on the results of our exclusive OCTG quarterly inventory yard survey. The objective remains the same: to measure demand for OCTG throughout the entire supply chain across the lower 48. The question is: did we end the year on a high note or were we left singing the blues?

We’re pleased to go on record revealing inventories of “prime” pipe decreased in Q4. Further detail is presented in the charts, tables and commentary in our January 2013 Report. Another key barometer of OCTG consumption: Barclays and Dahlman-Rose both released the results of their 2013 E&P spending analysis suggesting that U.S. CAPEX will be flat to down when compared with 2012.

As we wrap another survey and close in on the first month of the New Year we remain mostly upbeat. The big question is: will 2013 turn out to be a hit or a miss? On that note, we look forward to continued record-breaking OCTG consumption, manageable inventory months of supply, relatively stable oil/gas prices, and the increasing role of shale; the “rock” star of our nation’s energy revolution. If we can stay the course and get imports under control – an event that seems close at hand – we have a chance at an encore of 2012 and that should be music to our collective ears.

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 E&P spending, Energy, Fracking, Horizontal Drilling, Inventory, OCTG, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Pipe, Prime Pipe, Q4, Shale, Supply Chain, Tubular Goods, U.S. CAPEX 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