Category Archives: DUCs

OCTG 2H22: Call of the Wild

Posted on June 29, 2022 by The OCTG Situation Report®

Every June we confer with colleagues from all walks of the OCTG supply chain to examine their outlook for the balance of the year. This time around the annual exercise was tantamount to “a walk on the wild side,” with … Continue reading →

Posted in 2H22, DUCs, E&P, E&P spending, ERW Pipe, 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 Country Tublular Goods, Oil Patch, Oil Prices, Oil Services & Equipment, Onshore, Prime Pipe, Q2, Seamless Pipe, Section 232, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG Imports, OCTG Inspection Yards, OCTG Inventory, OCTG Inventory Survey, 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 | 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

OCTG Pop Quiz: What’s UP with Pricing?

Posted on September 29, 2021 by The OCTG Situation Report®

September has arrived, time to turn the page on another summer and welcome the class of OCTG-U back into session. Unless you were playing hooky last month you likely read our syllabus on this unpredictable market YTD (second paragraph of … Continue reading →

Posted in CAPEX, Crude Oil Prices, DUCs, 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, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, steel industry | Tagged E&P, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG Imports, OCTG inventories, OCTG Inventory, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil Country Tubular Goods, upstream OCTG | Leave a comment

OCTG August Update: Walking A Tightrope

Posted on August 25, 2021 by The OCTG Situation Report®

Tight is defined as “difficult to deal with or manage.” Of course, tight is also, “slightly drunk,” but when used in relation to the current market for OCTG, the former is especially true. The latter perhaps for those that … Continue reading →

Posted in COVID-19, Crude Oil Prices, DUCs, 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, Oil & Gas Industry, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Permian Basin, Prime Pipe, Seamless Pipe, Section 232, steel industry, Steel Tarrifs, Supply Chain, Tubular Goods, 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 Inventory, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, Oil Country Tubular Goods, Section 232, The OCTG Situation Report, upstream OCTG | 2 Comments

OCTG in 2020: For Whom the ‘Well’ Tolls

Posted on August 26, 2020 by The OCTG Situation Report®

Hard to believe we’re moving past the dog days of summer eight months into a cycle that could be best measured in “dog years.” Oil patch austerity is keeping optimism on a short leash while myriad disruptions in global financial … Continue reading →

Posted in COVID-19, DUCs, E&P, E&P spending, Energy, ERW Pipe, Inventory, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Saudi Arabia/Russia Oil Price War, Shale Plays, steel industry, Tubular Goods, upstream OCTG, WTI prices | Tagged E&P, Inventory, OCTG, OCTG 2020 Forecast, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Imports, OCTG Inspection Yards, OCTG Inventory, OCTG Inventory Survey, OCTG mills, OCTG Pricing, OCTG Pricing Forecast, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply Forecast, Oil, oil prices, The OCTG Situation Report | Leave a comment

OCTG in 2H20: “The Good, the Bad & the Ugly”

Posted on June 24, 2020 by The OCTG Situation Report®

Every June we confer with colleagues from all walks of OCTG specifically to examine their outlook for the balance of the year: “the good, the bad and the ugly.” We’ve grown weary of the “un-” words: uncharted, unprecedented, uncertain and … Continue reading →

Posted in 2H20, Department of Commerce, DUCs, E&P, E&P spending, HRC, Inventory, OCTG, OCTG 2H20, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Mills, OCTG Pricing, OCTG Processors, 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, Tubular Goods, U.S. CAPEX, upstream OCTG, WTI prices | Tagged Budgets, E&P, OCTG, OCTG Consumption, octg distributors, OCTG Imports, OCTG Inventory, OCTG Pricing, OCTG Processors, OCTG Producers, Oil, oil prices, Saudi Arabia/Russia Oil Price War | Leave a comment

Helter ‘Shelter’ in the Oil Patch with OCTG

Posted on May 27, 2020 by The OCTG Situation Report®

It’s May in the oil patch and we hope you’re doing well and staying well in this helter ‘shelter’ world in which we now find ourselves. “Helter-skelter,” as the phrase is known, seems to be an appropriate way to label … Continue reading →

Posted in CAPEX, COVID-19, Crude Oil Prices, DUCs, E&P, E&P spending, Energy, ERW Pipe, OCTG, Saudi Arabia/Russia Oil Price War | Tagged E&P, OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, Oil, oil prices, OPEC, Saudi Arabia/Russia Oil Price War | Leave a comment

2Q19 OCTG Inventory Analysis: A Calm Before the Storm or Smooth(er) Sailing Ahead?

Posted on July 31, 2019 by The OCTG Situation Report®

The results of our exclusive 2Q19 Quarterly OCTG Inventory Yard Survey could be viewed as a beacon of hope for those who expressed trepidation about the outcome in our midyear market conversations last month. Turns out parties with an ear … Continue reading →

Posted in 2019 E&P Budgets, Crude Oil Prices, Department of Commerce, DUCs, E&P, E&P spending, Energy, Hot Rolled Coil, HRC, Inventory, OCTG, OCTG Consumption, OCTG Consumption & Pricing, 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, Q2, Seamless Pipe, Supply Chain, Tubular Goods, upstream OCTG | Tagged E&P spending, Inventory, OCTG, OCTG Capacity, OCTG Consumption, octg distributors, OCTG Drilling Permits, OCTG Imports, OCTG Inspection Yards, OCTG Inventory, OCTG Inventory Quarterly, OCTG Inventory Survey, OCTG mill shipments, OCTG Pricing, OCTG Processors, OCTG Spot Prices, OCTG Supply, oil prices, The OCTG Situation Report, U.S. OCTG Producers | Leave a comment

May’s OCTG Snooze Turns to Breaking News

Posted on May 29, 2019 by The OCTG Situation Report®

What began as a month of snooze abruptly filled with breaking news. So we decided to investigate some of the headlines of the day in our May Report. On Friday, May 17 there was the announcement of an “apparent” settlement … Continue reading →

Posted in DUCs, E&P, Energy, ERW Pipe, HRC, Inventory, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, 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 Prices, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Seamless Pipe, Section 232, Shale Plays, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Tubular Goods, upstream OCTG | Tagged Inventory, NAFTA, OCTG, OCTG Imports, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Trade Case, Oil, USMCA | Leave a comment

The OCTG ‘Space’ 1Q19: The Current Frontier

Posted on April 30, 2019 by The OCTG Situation Report®

While visual evidence of a massive Black Hole made headlines recently, we’re happy to report you won’t find any black holes in OCTG inventory metrics due to our exclusive quarterly Inventory Yard Surveys. This breakthrough is credited to our publication’s … Continue reading →

Posted in 2019 E&P Budgets, CAPEX, Crude Oil Prices, Department of Commerce, DUCs, E&P, E&P spending, Energy, ERW Pipe, First Quarter, Government Shutdown, HRC, OCTG, OCTG CAPEX, OCTG Consumption, OCTG Consumption & Pricing, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG inventories, OCTG Inventory Survey, 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, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q1, Seamless Pipe, Section 232, Shale, Shale Plays, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Trade Case, Tubular Goods, upstream OCTG, WTI prices | Tagged Budgets, E&P, Inventory, OCTG, OCTG Consumption & Pricing, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG Inventory Quarterly, OCTG mill shipments, OCTG Processors, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, Oil, South Korea, The OCTG Situation Report, upstream OCTG, Upstream Pipe | Leave a comment