Category Archives: Q2

2Q22 OCTG Inventories: The Definitive Situational Analysis

Posted on July 27, 2022 by The OCTG Situation Report®

It was an all hands-on-deck endeavor this month as we tackled our exclusive 2Q22 OCTG Inventory Yard Survey. While most of you know the ropes, we want to remind everyone that we host our quarterly inventory surveys to measure demand … Continue reading →

Posted in Crude Oil Prices, E&P, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, HRC, Inventory, Nat Gas Prices, 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, Prime Pipe, Q2, Seamless Pipe, steel industry, Supply Chain, Tubular Goods, upstream OCTG, WTI prices | Tagged E&P, OCTG, OCTG Consumption, OCTG Imports, OCTG Pricing, Oil & Gas Industry, Oil Country Tubular Goods | 2 Comments

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 2Q21: Taking a Bite Out of Upstream Inventories

Posted on July 28, 2021 by The OCTG Situation Report®

It’s that time in the summer when we tackle yet another exclusive OCTG Quarterly Inventory Yard Survey. In so doing, we cast a wide net; culling inventory counts throughout the L48 tubular supply chain, including truck terminals, mills, processors, … Continue reading →

Posted in ERW Pipe, Hot Rolled Coil, HRC, Inventory, OCTG, OCTG 2021 Forecast, 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, Prime Pipe, Q2, Seamless Pipe, steel industry, Supply Chain, Tubular Goods, U.S. HRC Spot Price, upstream OCTG | Tagged OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG Imports, OCTG Inventory, OCTG Inventory Survey, OCTG mill shipments, OCTG mills, OCTG Processors, OCTG Spot Prices, OCTG Supply, Oil & Gas Industry, Oil Country Tubular Goods, The OCTG Situation Report, upstream OCTG | Leave a comment

OCTG 2H21: Much Ado About ‘Something’

Posted on June 30, 2021 by The OCTG Situation Report®

The heat is on in the US and oil patch participants are, likewise, pretty fired up this month. In fact, after spending the past few weeks ‘taking the temperature’ of folks throughout the OCTG supply chain it could be said … Continue reading →

Posted in CAPEX, Crude Oil Prices, E&P spending, Energy, ERW Pipe, Hot Rolled Coil, HRC, Nat Gas Prices, OCTG, OCTG 2021 Forecast, 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, Q2, Seamless Pipe, Section 232, Shale, Shale Plays, Steel Tarrifs, Supply Chain, Tubular Goods, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG, WTI prices | Tagged COVID-19, E&P, HRC, HRC Prices, OCTG, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Forecast 2021, OCTG Imports, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Producers, OCTG Spot Prices, OCTG Supply Forecast, Oil & Gas Industry, Oil Country Tubular Goods, Scrap Metal, Section 232, The OCTG Situation Report, U.S. CAPEX, U.S. HRC Spot Price, upstream OCTG | Leave a comment

The Q2 OCTG Situation Report: No Quarter Left Behind

Posted on July 29, 2020 by The OCTG Situation Report®

When it comes to wealth every ‘quarter’ counts. It’s no different in the oil patch where our subscribers count on our exclusive quarterly OCTG Inventory Surveys to provide them with a wealth of information-based knowledge about the health of the … Continue reading →

Posted in 2Q20, CAPEX, E&P spending, Energy, ERW Pipe, Inventory, OCTG, OCTG 2H20, 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, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q2, Seamless Pipe, steel industry, Tubular Goods, upstream OCTG, WTI prices | Tagged OCTG, OCTG Capacity, OCTG Consumption, OCTG Consumption & Pricing, octg distributors, OCTG Exports, OCTG Imports, OCTG Inspection Yards, OCTG Inventory Builds, OCTG Inventory Quarterly, OCTG Inventory Survey, OCTG mill shipments, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Spot Prices, OCTG Supply, OCTG Supply Forecast, The OCTG Situation Report | 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

OCTG 2H19: Rolling with the Punches

Posted on June 26, 2019 by The OCTG Situation Report®

Each year in June we take the temperature of the oil patch, speaking with people from every walk of the supply chain to get a sense of the market from their perspective. This exercise inevitably yields valuable and colorful commentary … Continue reading →

Posted in 2019 E&P Budgets, CAPEX, Cowen & Company, Crude Oil Prices, Department of Commerce, E&P, E&P spending, Energy, ERW Pipe, Inventory, OCTG, OCTG 2019 Forecast, OCTG 2H19, 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, OCTG Trade Case, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Permian Basin, Prime Pipe, Q2, Section 232, steel industry, Steel Tarrifs, Steel Trade Case, Supply Chain, Tubular Goods, upstream OCTG | Tagged 2019 Budgets, CAPEX, E&P, HaBoom!, OCTG, OCTG 2H19, OCTG Consumption, octg distributors, OCTG Imports, OCTG Inventory Survey, OCTG mill, OCTG Pricing, OCTG Spot Prices, OCTG Supply, oil and gas industry, oil prices, Onshore, OPEC, Section 232, South Korea, The OCTG Situation Report, Wall Street, WTI, WTI prices | Leave a comment

2Q18 OCTG Inventory Yard Survey: Who Turned Up the Volume?

Posted on July 31, 2018 by The OCTG Situation Report®

Drum roll, please…the results of our exclusive quarterly OCTG inventory yard survey is here. The objective of this endeavor is always the same: to measure demand for upstream pipe throughout the supply chain across the lower 48. The question is, … Continue reading →

Posted in Crude Oil Prices, 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 Inventory Survey, OCTG mill, OCTG Mills, OCTG Pricing, OCTG Processors, OCTG Producers, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Prices, Oil Services & Equipment, Onshore, Prime Pipe, Q2, Section 232, steel industry, Steel Tarrifs, Supply Chain, Tubular Goods, U.S. HRC Spot Price, upstream OCTG | Tagged OCTG, OCTG Consumption, octg distributors, OCTG domestic shipments, OCTG Exports, OCTG Imports, OCTG Inspection Yards, OCTG inventories, OCTG Inventory, OCTG Inventory Quarterly, OCTG Inventory Survey, OCTG mill, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Supply Forecast, Oil, oil prices, South Korea | Leave a comment

Getting a Read on OCTG Inventories for 2Q17

Posted on July 26, 2017 by The OCTG Situation Report®

As we close the chapter on another exclusive quarterly inventory survey, we’re grateful to the hundreds of OCTG yards throughout the supply chain that enable us to get the inside story on inventory volumes across the lower 48. We’ll preface this by saying last quarter’s reveal—exposing the first build in inventories since March of 2015—was a bit of a cliffhanger. Not surprisingly inventories and the suspense continued to build in Q2. As OCTG inventory is a leading barometer of oil patch health, what follows is our read on the situation. Continue reading →

Posted in Department of Commerce, ERW Pipe, Hot Rolled Coil, HRC, Inventory, OCTG, 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 Trade Case, Oil & Gas Industry, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Prime Pipe, Q2, Seamless Pipe, Section 232, Steel Trade Case | Tagged Distributors, Inventory, OCTG Consumption, octg distributors, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG mill shipments, OCTG mills, OCTG Pricing, OCTG Processors, OCTG Producers, OCTG Trade Case, South Korea, truck terminals | Leave a comment

2Q16 OCTG Inventory Survey Reveal: Ready to Roll or Running on Empty?

Posted on July 27, 2016 by The OCTG Situation Report®

The checkered flag has been waved, signaling the results of our 2Q16 OCTG inventory yard survey are in. It is here where the rubber meets the road, suggesting descending inventory stocks are paving the way for improvements moving forward. As … Continue reading →

Posted in 2017 E&P Budgets, Crude Oil Prices, E&P, E&P spending, Energy, ERW Pipe, Inventory, 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, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Services & Equipment, Onshore, Prime Pipe, Q2, Supply Chain, Tubular Goods, upstream OCTG | Tagged E & P Capital Budgets, E&P, E&P spending, energy market, inspection yards, Inventory, mills, OCTG, OCTG Consumption, octg distributors, OCTG Imports, OCTG inventories, OCTG mills, OCTG Pricing, Oil & Gas Industry, oil and gas industry, Oil Country Tubular Goods, oil patch, pipe & tube products, processors, Q2, supply chain, truck terminals, Tubular Goods | Leave a comment