Tag Archives: OCTG inventories

Getting a Read on OCTG Inventories for 2Q17

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 , , , , , , , , , , , , , , | Leave a comment

Santa vs Scrooge: 2017 OCTG Forecasts

As we prepared to weigh in on our 2017 OCTG forecasts we couldn’t help but look back over the past two years with a mix of shock and awe. It was Thanksgiving Day 2014 when OPEC all but gave us … Continue reading

Posted in 2017 E&P Budgets, Crude Oil Prices, E&P, E&P spending, OCTG, OCTG Consumption, OCTG Consumption & Pricing, OCTG Forecast 2017, OCTG Mills, OCTG Pricing, OCTG Producers, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Prices, Oil Services & Equipment | Tagged , , , , , , , , , , , , , , | Leave a comment

Oh-CTG! The Problem with Pipe: Rolling with the Punches in 2H16

Welcome ladies and gentlemen to the “heavyweight” main event of the month: the buzz over the bitter cost disparity between seamless and welded OCTG and the narrowing pricing delta between the two. In one corner we have seamless OCTG and … Continue reading

Posted in ERW Pipe, Hot Rolled Coil, HRC, Inventory, OCTG, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Pricing, OCTG Producers, OCTG Spot Prices, Oil & Gas Industry, Oil & Gas Pricing, Oil Country Tublular Goods, Oil Patch, Oil Prices, Oil Services & Equipment, Seamless Pipe | Tagged , , , , , , , , , , , , , , | Leave a comment

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

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 , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“Unconventional” & “Unpredictable”: What Politics and the Oil Patch Have in Common.

Photo Courtesy Vallourec Star, Youngstown, OH   Who would have thought the raucous presidential campaign we’re witnessing in the U.S. would be as “unconventional” and “unpredictable” as the oil patch these days? On that note, we’ve decided to give political … Continue reading

Posted in 2016 E&P Budgets, 2016 Presidential Election, Crude Oil Prices, DUCs, E&P, E&P spending, Energy, ERW Pipe, First Quarter, Inventory, OCTG, OCTG Spot Prices, Section 201 | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Weighing in on OCTG Performance: Shedding Tons and Tears 

As we proudly celebrate three decades of OCTG reporting this year I’ve decided to break with tradition and start my blog post from a personal perspective. First I want to thank our founder, Duane Murphy, who 30 years ago had … Continue reading

Posted in Cowen & Company, E&P spending, OCTG, OCTG CAPEX, 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 Prices, Oil Services & Equipment, Onshore, Prime Pipe, Q4, steel industry, Supply Chain, Tubular Goods, U.S. CAPEX, upstream OCTG | Tagged , , , , , , , , , , , , , , | 1 Comment

Rolling Though A Rough ‘Patch’ in OCTG

We’ve made it through the end of a grueling third quarter; time to tackle our Q3 Inventory Yard Survey. The goal of our exclusive survey remains the same: measuring demand for upstream OCTG and reading the signals that gauge the … Continue reading

Posted in E&P, E&P spending, Energy, ERW Pipe, OCTG, OCTG Imports, OCTG inventories, OCTG Inventory Survey, OCTG Mills, OCTG Processors, OCTG Producers, Q3, Seamless Pipe | Tagged , , , , , , , , , , , | 1 Comment