Preston Pipe's Seventh Annual OCTG & Line Pipe Forecast Summit

Registration, Breakfast, and Networking

Opening Remarks

Rick Preckel - Partner - Preston Pipe

Oil and Gas Outlook - Demand Pressure, Supply Constraint, and Returns to Shareholders - How will These Factors and More contribute to Drilling over the Next 3 Years

Justin Jenkins - Director Independent Refiners/Integrated Oil and Gas/Midstream Suppliers - Raymond James

The North American OCTG Market, 2024 - 2026

Rick Preckel - Partner - Preston Pipe; Ben Chu - Head of Trading Analytics and Proprietary Data, Natural Gas - Wood Mackenzie; Mark Chapman - Senior Vice President - Enverus; Matt Loffman - Senior Vice President, Metals and Materials - Rystad Energy

The North American OCTG market has had unique challenges over the course of the last few years with high and fluctuating steel prices, domestic supply challenges, near-term record high product prices, E&P consolidation, and challenges ramping up staffing just to name a few.  2023 represented a retraction in activity as commodity prices dropped but now, oil prices are stronger and the outlook for natural gas is more positive as we move toward 2024.  Learn how North American drilling is likely to evolve over the next 3 years.

More importantly, learn how Preston sees this drilling evolution affecting OCTG demand, source of supply, and price. 

Presentations include:

Oil and Gas Price and Drilling Activity Outlook
E&P Activity Review and Forecast
Drilling and OCTG Regional Demand Forecast
OCTG Price and Supply Source Forecast

Snack, Beverage, & Networking Break 10:00 – 10:20

Steel Supply, Demand, and Price Outlook and the Effect on Pipe Supply - More Seamless? More Welded? or More Import?

Philipp Englin - CEO - World Steel Dynamics

Conference co-host, World Steel Dynamics, walks through the demand and supply inputs for the next 3 years to determine availability and cost for pipe makers.  New capacity, potential combinations, and the UAW strike effect.  This analysis is a key component of Preston’s source of supply forecast for OCTG and Line Pipe.  Hear the steel experts explain it all.

State of Trade in API Pipe

Robert DeFrancesco III - Wiley Rein LLP

Tight supplies, late deliveries, provisional orders, falling demand, and more contributed to an OCTG inventory overhang in 2023.  Import market share expanded early in the year, but has since contracted.  Get all the latest on changes to the import picture from our returning trade experts, Wiley Rein LLP.

Lunch and Networking

Enjoy a meal and a chance to recharge to prepare for the afternoon session and to discuss the morning’s outlook with industry peers.

The North American Line Pipe Market, 2024-2026

Paul Vivian - Partner - Preston Pipe; Tim Vivian - Research Analyst - Preston Pipe; Uday Turaga - Founder & CEO - ADI Analytics, LLC

Upstream development forecasts are driving gathering construction while permitting challenges, rising production, growing exports, LNG construction, hydrogen, carbon capture, and more are influencing the number and location of transmission projects.  Learn how basin expectations are likely to drive pipeline projects for the period 2024 – 2026 as experts from ADI Analytics walk through their analysis on production and demand growth and LNG development.  Preston will deliver a gathering/small diameter forecast based on its latest modeling. 

Presentations include:

Gathering Line Construction Outlook
Transmission Pipeline Outlook –  Including Basin Analysis and LNG Projects Updates
Line Pipe Demand Forecast 0-16″, >16″
Line Pipe Price and Supply Source Forecast
Regulatory Update

Snack, Beverage, & Networking Break

Grab a coke or a coffee and a snack and network!  You’ve 20 minutes before we start again!

How will Hydrogen, Carbon Capture, and Other Emerging Activities Contribute to Line Pipe and Other Pipe & Tube Demand?

Tim Vivian - Moderator: Errol Pinto - Senior Consultant Policy and Commercial - Global CCS Institute, Georgia Knackstedt - Demonstrations Project Officer, Carbon Capture Storage Demonstrations - US Dept of Energy, Office of Clean Energy Demonstrations; Chris Rodriguez - Project Officer - US Dept of Energy, Office of Clean Energy Demonstrations

Carbon capture and hydrogen are on the verge of something that could be a big contributor to pipeline demand.  What’s the latest and how has this influenced Preston’s line pipe demand forecast?  What other programs will contribute to pipe and tube demand during the forecast period?

Final Remarks

Preston Pipe

Key Takeaways from Preston’s 7th Annual OCTG & Line Pipe Forecasting Summit

End the work session with a quick overview of the day’s key takeaways and budget tips as you prepare to plan for 2024-2026.

Summit Networking Reception

End a productive day of learning with a cocktail and discussions of the forecasts presented throughout the day.  Engage with peers and experts about how events may otherwise transpire and how companies may choose to double-down or pivot to stay relevant in this key sector.