Steel Market Intelligence » oil pipe

February OCTG Prices Hit Two-Year Low

Steel Market Intelligence — Thu, 28 Feb 2013 17:03:42 +0000

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According to Pipe Logix, February OCTG prices declined another 1.1% (or $19/ton) to $1,702/ton, the lowest since February 2011, and some 11.2% (or $214/ton) below… more

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U.S. Rig Count Showing Signs of Life

Steel Market Intelligence — Wed, 21 Nov 2012 23:05:56 +0000

The number of active oil and natural gas rigs in the United States rose for the third straight week, increasing by 8 to 1,817 for the week ending November 21, 2012 – up 0.4% from the previous week but still down some 9.2% from a year-ago.

The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.

The number of rigs in Canada rose 0.8% to 387 from 384 last week, but was 20.0% below the year-ago level.

The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.

Source: Baker Hughes Inc.

U.S. Rig Count Recovers Slightly from 18-Month Low

Steel Market Intelligence — Fri, 09 Nov 2012 21:57:47 +0000

The number of active oil and natural gas rigs in the United States rose by 6 to 1,806 for the week ending November 9, 2012, up 0.3% from the previous week but down some 10.4% from a year-ago.

The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.

The number of rigs in Canada fell 3.5% to 370 from 383 last week, and was 26.0% below the year-ago level.

The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.

Source: Baker Hughes Inc.

U.S. Rig Count Plunges to Lowest Level Since April 2011

Steel Market Intelligence — Fri, 02 Nov 2012 20:35:40 +0000

The number of active oil and natural gas rigs in the United States fell by 26 to 1,800 for the week ending November 2, 2012, down 1.4% from the previous week and down some 11.2% from a year-ago.

The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.

The number of rigs in Canada rose 3.5% to 383 from 370 last week, but was 19.5% below the year-ago level.

The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.

Source: Baker Hughes Inc.

U.S. Rig Count Falls for 9th Straight Week; Remains at 16-Month Low

Steel Market Intelligence — Mon, 15 Oct 2012 16:44:04 +0000

The number of active oil and natural gas rigs in the United States fell by 2 to 1,835 for the week ending October 12, 2012, down 0.1% from the previous week and 9.3% from a year-ago – remaining at the lowest level since May 2011.

The highest weekly rig count in the United States since 1940 was recorded on December 28, 1981, at 4,530; the lowest was recorded on April 23, 1999, at 488.

The number of rigs in Canada fell 3.0% to 361 from 372 last week and remained some 29.5% below the year-ago level.

The highest rig count for Canada was 727 on February 3, 2006; the lowest was 29, recorded on April 24, 1992.

Source: Baker Hughes Inc.