WTI, Brent, Rig Count, and DUCs
- Brent and WTI prices have been volatile in recent weeks. WTI is just under $97/barrel, while Brent is hovering around $104/barrel (as of 7/21 AM hours).
- The U.S. Rig Count is at 756 as of July 15, 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 4,245 as of June 2022, a decline of 1,970 vs. June 2021 and a decline of 412 vs. December 2021.
About Trident Steel
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.