- Brent and WTI prices have rallied in recent weeks. WTI is just above $87/barrel, while Brent is hovering around $89/barrel.
- The U.S. Rig Count increased to 610 as of Jan. 28, 2022, from an historic low of 244 on August 14, 2020. This, however, is still below the 796 U.S. rigs as of January 3, 2020.
- DUCs dropped to 4,616 as of December 2021, a decline of 2,720 vs. December 2020.
Sources:
Data as of January 31, 2022.
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Trident Steel is a leading supplier of oil country tubular goods, line pipe and poly pipe throughout the United States. We represent only the finest API-licensed domestic and international pipe mills and offer a wide range of services to meet customer needs. Our job-ready inventory includes new ERW and seamless API 5CT tubing and casing as well as API 5L/ASTM ERW line pipe. Our mission is to provide the best customer service, products, and availability in the industry. We are available 24/7 – contact us today to learn how we can serve you.