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OCTG Supply Chain Services in the US Procurement Price, Data and Insights
Buyers of OCTG supply chain solutions include oil drillers, gas extractors and oil and gas field service providers. Vendors in this market provide consultative support by evaluating well completion project opportunities, implementing and operating projects, providing ongoing assessments and recommending operational adjustments. Furthermore, these vendors help buyers manage their inventory by supplying the required OCTG tools and infrastructure, as well as the relevant maintenance services.
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What’s included in this market coverage
IBISWorld's research coverage on the OCTG Supply Chain Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the OCTG Supply Chain Services market in the United States includes OCTG Supply for Conventional Vertical Well, OCTG Supply for Horizontal Onshore Well and OCTG Supply for Gulf of Mexico Offshore Well. Standard coding in this coverage includes ISIC-091-Support activities for petroleum and natural gas extraction, NACE-09.10-Support Activities For Petroleum And Natural Gas Extraction, NAICS-213112-Support Activities for Oil and Gas Operations and UNSPSC-71123000-Integrated services.
What common market terminology is included?
Common market terminology included in the OCTG Supply Chain Services procurement coverage includes Oil Country Tubular Goods (OCTG) (Oil country tubular goods, which include drill pipe, casing, tubing and other products used in well completion.), Natural Gas (Gases that primarily consist of methane, but also include small amounts of heavier hydrocarbons such as butane. Natural gas is used in electricity generation, among other applications.) and Oilfield (An underground or undersea deposit of oil contained within a stable geological formation.).
What companies are included as top suppliers?
The top companies covered in the OCTG Supply Chain Services procurement report as suppliers are Energy Tubulars Inc., Hunting Plc, Evraz Plc, TMK Group and Vallourec Sa.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the OCTG Supply Chain Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per rig per month, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the OCTG Supply Chain Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting OCTG Supply Chain Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on OCTG Supply Chain Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the OCTG Supply Chain Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for OCTG Supply Chain Services?
The 2026 benchmark market price for OCTG Supply Chain Services is $1206000 per rig per month. Prices have increased at a CAGR of 1.39 from 2023-26.
Who are the top vendors in the OCTG Supply Chain Services market?
The top vendors in the OCTG Supply Chain Services market include Energy Tubulars Inc., Hunting Plc, Evraz Plc, TMK Group and Vallourec Sa.
What industries supply the OCTG Supply Chain Services market?
The top industries supplying the OCTG Supply Chain Services market are Computer & Packaged Software Wholesaling in the US, Software Publishing in the US, Computer Stores in the US, Computer Manufacturing in the US, Metal Pipe & Tube Manufacturing in the US, Iron & Steel Manufacturing in the US, Office Stationery Wholesaling in the US and Office Stationery Manufacturing in the US.
What is the supply chain risk for OCTG Supply Chain Services?
High market concentration strengthens supplier leverage and limits pricing negotiation. The OCTG supply chain services market is controlled by a handful of large logistics and inspection specialists closely aligned with major OCTG manufacturers and drilling contractors. This concentrated supplier landscape reduces competitive tension and enables established providers to maintain margin control even during periods of falling material prices. Buyers in regions with limited provider presence—such as remote shale basins or offshore hubs—face particularly constrained options. Strategic sourcing efforts should include regional diversification, evaluation of emerging independent service providers, or even partial insourcing of ancillary services, such as storage or basic handling, to rebalance leverage.
What factors affect the price of OCTG Supply Chain Services?
The type of service offered in OCTG supply chain solutions directly affects pricing due to the complexity and specialization involved in each service tier. For instance, demand forecasting and consulting services may command higher prices due to the expertise required and the value of accurate projections, whereas basic procurement of oil country tubular goods may have more standardized pricing based on market rates and volume.
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