A look at the latest import data, trade protection measures, and capacity and pricing commentary from a market leader. There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new …
Read More »Oilfield Inflation Update: The Groundbreaking OCTG Trade Ruling That Underwhelmed
So far in the upcycle, the well cost inflation discussion has largely focused on hydraulic fracturing pricing (both HHP / stage pricing and consumables). Rightly so, as leading edge price per stage has essentially doubled year-over-year. Prices for surface casing and tubing (collectively OCTG) are rising cyclically as well and the market is …
Read More »The Tenaris Midland Service Center Is Not Just Another Pipe Yard
We visited the sprawling $36mm Tenaris Midland Service Center this week. From this new Permian Basin facility, Tenaris is introducing Rig Direct™ to the US shale plays. Here Tenaris is running OCTG (casing and tubing), sucker rods, coiled tubing, and accessories in 24/7 operations. The Midland Service Center is the …
Read More »A New West Texas Yard Binds An Operator And Supplier Together For Decades
Pioneer Natural Resources is known for progressive thinking on partnerships. The company’s effluent water deal with the City of Odessa is a good example of how the company builds novel relationships to drive costs down. So when Tenaris proposed an unusual alliance around shared yard space, Pioneer listened. The end …
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