by Site Administrator | Jan 24, 2022 | Industry Insights, Insights
Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 37% year- over-year (‘YoY’).The Permian and Bakken regions have seen the largest declines YoY at 59% and 40%, respectively.The Anadarko and Haynesville regions, however, are both up 16% YoY....
by Site Administrator | Jan 13, 2022 | Industry Insights, Insights
The above represent raw material input costs that directly impact our cost of goods.HRC pricing has increased 25% in the past year but is down 26% from August.Iron Ore pricing has rebounded from November but is still down approx. 40% since June.Scrap prices (Scrap...
by Site Administrator | Nov 11, 2021 | Industry Insights, Insights
Drilled But Uncompleted Wells (DUCs) in the lower 48 states have declined 29% year-over-year and 27% YTD.The Permian and Bakken regions have seen the largest declines YTD at 47% and 30%, respectively.The Anadarko and Haynesville regions, however, are up 21% and 23%,...
by Site Administrator | Oct 27, 2021 | Industry Insights, Insights
The above represent raw material input costs that directly impact our cost of goods.HRC pricing has increased approx. 173% in the past year.Iron Ore pricing was ‘reacting’ like HRC but is down almost 45% since mid-July on concerns about demand from China, the producer...