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...
by Site Administrator | Sep 30, 2021 | Industry Insights, Insights
Brent and WTI prices are showing strength again. WTI is hovering above $74/barrel, while Brent is almost $78/barrel.The U.S. Rig Count increased to 521 as of Sept. 24, 2021 from an historic low of 244 on August 14, 2020. This, however, is still below the 796 U.S. rigs...
