Category Archives: CAPEX

OCTG 2023: The Beginning, ‘Muddle’, and End

Posted on February 28, 2024 by The OCTG Situation Report®

As we closed the chapter on another year in the US OCTG market, our Cliffs Notes version of 2023 can be summed up as, “a year with a distinct beginning, ‘muddle,’ and end.” And so began our highly coveted “Annual State of the Industry Report.” Therein, our subscribers found the inside story on the year that was, along with a host of vital metrics comparing annual OCTG stats for the past three years. Continue reading →

Posted in Annual Report, CAPEX, Crude Oil Prices, Department of Commerce, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, Hot Rolled Coil Prices, HRC, Inventory, Nat Gas Prices, O&G Mergers, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, ERW OCTG, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

Weighing in on 4Q23 OCTG Inventories

Posted on January 31, 2024 by The OCTG Situation Report®

Gauging the fitness of the industry by measuring demand for OCTG throughout the supply chain across the lower 48 is the goal every quarter and what sets The OCTG Situation Report apart from all others. Thus, we commence our 38th … Continue reading →

Posted in 4Q23 OCTG Inventory, CAPEX, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, Hot Rolled Coil Prices, HRC, IHS, Inventory, O&G Mergers, OCTG, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Rig Count 2024, OCTG Spot Prices, Offshore Technology Conference, Oil & Gas Industry, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q23 OCTG Inventory, Q4, Seamless Pipe, steel industry, Tubular Goods, U.S. HRC Spot Price, upstream OCTG | Tagged 4Q23 OCTG Inventory, E&P, ERW OCTG, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

August OCTG Rumors, Prices & E&P CAPEX, Oh My!

Posted on August 30, 2023 by The OCTG Situation Report®

Well folks, if you’re reading this today you’ve survived another eight months in the oil patch with only four months left in 2023. The month of August tends to be rather quiet historically, but August 2023 has rocked the rumor … Continue reading →

Posted in CAPEX, Cleveland Cliffs, OCTG, U.S. Steel | Tagged CAPEX, Cleveland Cliffs, E&P, ERW OCTG, OC Seamless, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Pricing, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report, U.S. Steel | Leave a comment

Absorbing OCTG’s ‘InTAXicating’ Increase in 1Q23

Posted on April 26, 2023 by The OCTG Situation Report®

It’s that taxing time of year when subscribers count on us to roll up our sleeves and crunch the numbers in order to provide an accurate accounting of OCTG inventories on the ground. Our analysis, derived from our exclusive quarterly … Continue reading →

Posted in 1Q23 OCTG Inventory, CAPEX, Crude Oil Prices, E&P, E&P spending, ERW Pipe, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG, OCTG Consumption & Pricing, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q1, Seamless Pipe, Shale Plays, steel industry, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged 1Q23 OCTG Inventory, Borusan Mannesmann Pip US, E&P, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment

What’s Up Downhole in “The Year of the Water Rabbit”

Posted on January 31, 2023 by The OCTG Situation Report®

As we enter “The Year of the Water Rabbit,” one can’t help but wonder if it will be as hair-raising as the three years that proceeded it? Chinese lore has it that the Water Rabbit symbolizes peace and prosperity so … Continue reading →

Posted in 2023 E&P Budgets, CAPEX, Crude Oil Prices, E&P spending, Energy, ERW Pipe, Fracking, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Onshore, Permian Basin, Prime Pipe, Q4, Seamless Pipe, steel industry, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged 4Q23, E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG Inventory Survey, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report, upstream OCTG | Leave a comment

Spinning The OCTG Wheel of Fortune

Posted on September 28, 2022 by The OCTG Situation Report®

If it seems as though we’ve spent the bulk of this year reporting on setbacks and challenges that have vexed the OCTG market that’s because we have, and September is no exception. We simply can’t dismiss what the impact this … Continue reading →

Posted in CAPEX, Crude Oil Prices, Department of Commerce, E&P spending, Energy, Hot Rolled Coil, HRC, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG Exports, OCTG Imports, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Prices, Onshore, Prime Pipe, Seamless Pipe, steel industry, Steel Trade Case, Supply Chain, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged American Trucking Association, E&P, E&P Capex Budgets, ITC, Logistics, National Bourbon Heritage, OCTG, OCTG Consumption, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, Railroad Strike, Russian War, The OCTG Situation Report, Typhoon | Leave a comment

OCTG 2022: ‘Supply’ is the New Demand

Posted on March 23, 2022 by The OCTG Situation Report®

Attention drill seekers! The stampede to Houston is underway this month as Houston took center stage for the concurrent 40th IHS CERAWeek conference and the world’s largest Livestock Show and Rodeo, “RodeoHouston.” The theme of the preeminent energy confab was, … Continue reading →

Posted in CAPEX, CERAWeek, ERW Pipe, Fracking, Horizontal Drilling, Hot Rolled Coil, HRC, IHS, Inventory, Nat Gas Prices, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG mill, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Prices, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, OCTG Trade Case, Oil & Gas Industry, RodeoHouston, The OCTG Situation Report, upstream OCTG, US OCTG Production, US OCTG Supply Forecast 2022 | Leave a comment

OCTG Year in Review: Will The Stars Align in ’22

Posted on February 23, 2022 by The OCTG Situation Report®

As we prepared to launch our 36th annual ‘state of the industry’ address, the atmosphere in the OCTG space and center of gravity; Houston was—dare we say—giddy. After two years of dark matter, “giddy” is a feeling that’s almost alien … Continue reading →

Posted in Annual Report, CAPEX, Crude Oil Prices, Department of Commerce, DUCs, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, HRC, Inventory, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Shale Plays, steel industry, Steel Trade Case, Supply Chain, Tubular Goods, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Inspection Yards, OCTG Inventory, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, OCTG Trade Case, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report, upstream OCTG | Leave a comment

OCTGPS for 2022: ‘Fuel’ for Thought

Posted on November 23, 2021 by The OCTG Situation Report®

Welcome to our annual OCTGPS for 2022: your exclusive road map to navigating the year in OCTG. It will come as no surprise to oil patch stakeholders that there’s a lot riding on 2022 as the market shifts into high … Continue reading →

Posted in CAPEX, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, HRC, Nat Gas Prices, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Onshore, Seamless Pipe, Section 232, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Tubular Goods, U.S. HRC Spot Price, upstream OCTG, WTI prices | 2 Comments

The Third Quarter OCTG Playbook

Posted on October 27, 2021 by The OCTG Situation Report®

We’ve come to the end of the third quarter; time to tackle another exclusive OCTG Inventory Yard Survey. The goal of our survey is determining the health of the upstream market by measuring demand for OCTG. Our findings enable subscribers … Continue reading →

Posted in CAPEX, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, OCTG, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Prices, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q3, steel industry, Steel Tarrifs, Supply Chain, Third Quarter, Trade Case, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged 3Q21 OCTG Inventory Survey, E&P, OCTG, OCTG Imports, OCTG mills, OCTG Pricing, OCTG Processors, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report | Leave a comment