A 775 rig count for 2023, as forecast in the OCTG section of this Report, would result in just over 17,000 wells drilled in the US and drive about 1.26 million tons of small diameter line pipe demand. This would represent a gain over 2022 of about 220,000 tons. Two new US welded suppliers will be ramping up in 2023 which include Tex-Isle and Jindal Pipe (which can make to 26”).
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