Survival of the Fittest: Weighing in on Oil Patch Performance

Photo Courtesy Energy Tubulars inc.

Photo Courtesy Energy Tubulars inc.

Susan Murphy | Publisher

Susan Murphy | Publisher

Y’all know the drill: it’s the end of Q3 and time to determine how the oil patch is shaping up for the balance of the year. The goal of this exercise is always the same: gauging the fitness of the industry by measuring demand for OCTG throughout the entire supply chain across the lower 48. After crunching the numbers we were able to firm up our predictions for the quarter.

The results weren’t altogether surprising. Can it be that the combination of imports and new U.S. capacity is all beginning to hit home? We only wish there was a magic bullet to fend off the inevitable. Unfortunately, it appears the OCTGenie is out of the bottle.

For a quarter that was anything but routine, we end with a lot of balls in the air. So the $64,000 question is: how will this all workout? In a fit of optimism we might conclude: “why sweat it?” Demand is still reasonably strong: commodity prices are holding fairly steady and total well completions and footages continue to rise. But the reality as we see it is simple: 2014 will likely come down to the survival of the fittest.

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 Government Shutdown, Inventory, OCTG, OCTG Inventory Survey, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Pipe, Prime Pipe, Q3, steel industry, Third Quarter, Tubular Goods and tagged , , , , , , , , . Bookmark the permalink.

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