Argus OCTG Index and Oil Country Tubular Goods Market Trends

OCTG, or oil country tubular goods, is the term for the steel pipe used in the extraction of oil and gas from a well. Argus Pipe Logix is the market leader in producing OCTG price assessments for the three main categories of OCTG- tubing, production casing, and surface casing.  In addition to reporting OCTG prices by category, Argus further categorizes, assesses and examines OCTG prices produced through the two main manufacturing methods of OCTG pipe- electric resistance welded (ERW) OCTG and seamless (SML) OCTG.  In total, Argus Pipe Logix publishes 47 OCTG price assessments on a monthly basis – 32 casing and tubing items used in US onshore wells and 15 associated averages of US distributor OCTG spot prices.

The All Items OCTG Index is an average of the OCTG prices assessed by Argus Pipe Logix.   The All Items OCTG Index includes ERW and seamless tubing, production casing and surface casing prices. It is the most widely used OCTG price assessment published by any pricing service for OCTG. The All Items OCTG Index is used as a benchmark by some of the largest participants in the oilfield tubular market for contract settlement.  In addition, the OCTG All Items Index is used throughout the industry for performance management, corporate planning and management reporting as it provides an accurate and timely OCTG price trend for oil country tubular goods commonly used in US onshore wells.

The Argus Pipe Logix all items OCTG index is published on a monthly basis on the last Wednesday of the month as part of the Argus Pipe Logix OCTG Price Guide.  The Argus Pipe Logix all items OCTG index can be accessed through the Argus Direct online platform and is analysed with current and historical pricing trends as a part of the OCTG Service.