Skip to the content

Procurement Market Intelligence Report

Oil & Gas Casing & Tubing
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Oil & Gas Casing & Tubing?

What is the average price of Oil & Gas Casing & Tubing?

This procurement report includes pricing information to help you purchase Oil & Gas Casing & Tubing. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Oil & Gas Casing & Tubing been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Oil & Gas Casing & Tubing yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Oil & Gas Casing & Tubing?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Oil & Gas Casing & Tubing with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

An estimated 105 vendors supply oil and gas casing and tubing goods to the US market in 2021. The top four vendors are the United States Steel Corporation, Tenaris, Vallourec and Precision Castparts. Together, these vendors account for between 30.0% and 50.0% of revenue, indicating that the market is moderately... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Cost Containment

In the past three years, what percentage of your revenue has been dedicated to raw materials? How has that changed?

How have fluctuations in the cost of inputs affected the prices of your product in the past three years?

Do you source from multiple suppliers or a single supplier? How does this affect costs?

How do you mitigate sudden price increases in raw materials?

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

Expertise

Could you provide a list of client references, along with contact information?

Will you help design and build customized products?

How long have you provided these products to your longest tenured client?

What is your repeat business rate?

Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Quality Control

What is the typical inspection process that your product undergoes? What internal testing procedures do you use to ensure product quality?

Where, geographically, are critical inputs sourced? Tell me about your quality assurance process/audits for overseas suppliers.

Is your equipment certified to American Petroleum Institute standards?

How does your product quality differ from that of your competitors? What sets your product apart?

Vendor Financial Risk

How are your other ventures performing? What impact does their performance have on this division?

Has your company ever been at risk of bankruptcy?

How does your company stay profitable during economic downturns?

What investments are you making in the company's future (e.g. new products, research and development and new plants)? What happens if any of those investments fail?

Location

What are your shipping rates to my facilities?

Where are your manufacturing facilities located?

How do you ensure timely and accurate shipping?

Do you allow the usage of a clients' own shipping, transportation or delivery method?

Do you have low inventory or supply issues with any of the goods we are ordering? How will this affect shipping times?

Supply Chain Risk

How do you manage risk in your supply chain?

Would the bankruptcy or revenue volatility of any of your key clients or suppliers harm your operations?

How often do you evaluate your upstream inputs' prices to ensure they are still competitive?

How diversified is your client base? Which industries drive the most business for your firm?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

“Sending out RFPs used to be a nightmare”

Let’s chat about how procurement market intelligence can reduce 
the time you spend issuing RFPs.

Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the desired payment terms, including the preferred interest rate, if applicable.

Buyers should specify the total budget.

Buyers should request detailed information about shipping costs.

Selection Criteria

Buyers should prioritize suppliers that are located nearby to reduce lead times and shipping costs.

Buyers should give preference to vendors that can meet the budget requirements in the RFP.

Buyers should ask for a list of references.

Project Schedule

Buyers should specify the date when proposals are due and when the award will be announced.

Buyers should indicate the date by which the OCTGs must be delivered.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for oil and gas casing and tubing goods has a moderate level of risk. Manufacturers of casing and tubing require a variety of raw material inputs, including steel, nickel, fiberglass and titanium. Due to the commoditized nature of key inputs, vendors are exposed to a significant level... Subscribe to learn more.

HIGH

MEDIUM

LOW