Argus OCTG Index
Overview
OCTG, or oil country tubular goods, is the term for the steel pipe used in the extraction of gas and oil from a well. There are three main categories of OCTG- tubing, production casing, and surface casing for which Argus Pipe Logix offers pricing assessments. In addition, there are two main processes for manufacturing OCTG- electric resistance welded (ERW) and seamless which Argus further categorizes and assesses. In total, Argus Pipe Logix covers US distributor spot prices for 32 casing and tubing items used in US onshore wells.
The All Items OCTG Index is an average of the ERW and seamless tubing, production casing and surface casing assessed by Argus Pipe Logix. It is the most widely used price assessment published by any pricing service for OCTG and is used as a benchmark by the largest participants in the oilfield tubular market for contract settlement.
The Argus Pipe Logix all items OCTG index is published on a monthly basis on the last Wednesday of the month and provides accurate and timely distributor spot price trends of OCTG used in US onshore wells.
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.
Price assessment details
What are the advantages of the Argus Pipe Logix all items OCTG index?
The Argus Pipe Logix all items OCTG Index is the most widely used benchmark for OCTG prices worldwide and trusted by some of the largest participants in the industry as a measure of the health of the industry. It is comprised of 32 of the most used casing and tubing items used in US Onshore wells. OCTG sits at the intersection of two complex markets- supply from the steel markets and demand from oil and gas markets- and our indices and analysis will help you navigate the complexities with clarity and confidence. The extensive history Argus Pipe Logix has with both the buyers and sellers in the oilfield tubular market makes us uniquely positioned to report accurate and unbiased prices of OCTG and deliver analysis that is unparalleled in the industry.
How is this assessment used?
The largest participants in the oilfield market- OCTG mills, OCTG distributors and oil and gas companies involved in the exploration and production of wells, are the primary users of Pipe Logix price assessments. The monthly percent change in the Argus Pipe Logix all items average is applied to long term price contracts using a variety of methods. The Pipe Logix indices are also used for market analysis, production planning, among other functions. In addition, financial companies that make investments in the large OCTG mills use the index to gauge the health and well-being of the oilfield tubular industry.
Key price assessments
