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srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fcommodity%2Fdesktop%2Fargus_octg_erw.jpg%3Fh%3D1060%26iar%3D0%26w%3D3200%26rev%3D-1%26hash%3DDF00A48CC1C15DD8099EE9BEF20141F8&w=1920&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fcommodity%2Fdesktop%2Fargus_octg_erw.jpg%3Fh%3D1060%26iar%3D0%26w%3D3200%26rev%3D-1%26hash%3DDF00A48CC1C15DD8099EE9BEF20141F8&w=3840&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fcommodity%2Fdesktop%2Fargus_octg_erw.jpg%3Fh%3D1060%26iar%3D0%26w%3D3200%26rev%3D-1%26hash%3DDF00A48CC1C15DD8099EE9BEF20141F8&w=3840&q=75"/><img alt="" loading="lazy" width="390" height="623" decoding="async" data-nimg="1" class="HeroBanner_image__dejfl d-lg-none qa-banner-image" style="color:transparent" srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fcommodity%2Fmobile%2Fargus_octg_erw_key_commodity_prices_mobile.jpg%3Fh%3D1240%26iar%3D0%26w%3D780%26rev%3D-1%26hash%3DF04E60A87F97F90B69F0DE35887ABE8E&w=640&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fcommodity%2Fmobile%2Fargus_octg_erw_key_commodity_prices_mobile.jpg%3Fh%3D1240%26iar%3D0%26w%3D780%26rev%3D-1%26hash%3DF04E60A87F97F90B69F0DE35887ABE8E&w=828&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F09-metals%2Fcommodity%2Fmobile%2Fargus_octg_erw_key_commodity_prices_mobile.jpg%3Fh%3D1240%26iar%3D0%26w%3D780%26rev%3D-1%26hash%3DF04E60A87F97F90B69F0DE35887ABE8E&w=828&q=75"/><div class="HeroBanner_container___RcE5 container"><div class="row"><div class="col-12 col-lg-6 offset-lg-1"><div class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Argus OCTG ERW Index: Insights on ERW OCTG Pricing and Market Trends</h1></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#details" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Price assessment details</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our metals products</a><a href="#assessments" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta "></button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#details" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Price assessment details</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our metals products</a><a href="#assessments" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Key price assessments</a></div></div></div></div></div></div></div><div class="component component-padding white" id="overview"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-9"><h2 class="qa-textpanel-title">Overview</h2><div class="qa-textpanel-description TextPanel_description__v7NGU"><p>OCTG, or oil country tubular goods, is the term for the steel pipe used in the extraction of oil and gas from a well. Argus Pipe Logix is the market leader in producing OCTG price assessments for the three main categories of OCTG- tubing, production casing, and surface casing. In addition to reporting OCTG prices by category, Argus further categorizes, assesses and examines OCTG prices produced through the two main manufacturing methods of OCTG pipe- electric resistance welded (ERW) OCTG and seamless (SML) OCTG. In total, Argus Pipe Logix publishes 47 OCTG price assessments on a monthly basis – 32 casing and tubing items used in US onshore wells and 15 associated averages of US distributor OCTG spot prices. </p> <p>The Argus Pipe Logix OCTG ERW Index represents the US distributor spot price average of 17 ERW items of imported and domestically manufactured tubing, production casing and surface casing used in US onshore wells. The 17 ERW items range in size from 2.375” – 13.375”. The ERW prices for a variety of grades of ERW pipe are included in the index, namely J55, L80HC, and P110HC. In addition, Argus publishes 8 ERW associated averages. </p> <p>The Argus Pipe Logix OCTG ERW Index is the most widely used ERW OCTG price assessment published by any pricing service for OCTG. It is used as a benchmark by some of the largest participants in the oilfield tubular market for contract settlement. In addition, the OCTG ERW Index is used throughout the industry for performance management, corporate planning and management reporting as it provides an accurate and timely ERW OCTG price trend for ERW pipe commonly used in US onshore wells. </p> <p>The Argus Pipe Logix OCTG ERW Index is published on a monthly basis on the last Wednesday of the month as part of the Argus Pipe Logix OCTG Price Guide. The Argus Pipe Logix ERW 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. </p></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD grey" id="details"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Price assessment details</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield"><p><strong>What are the advantages of the Argus Pipe Logix ERW index?</strong></p> <p>The two common OCTG manufacturing processes, seamless (SML) and electric resistance welded (ERW), compete in the OCTG market. Each product prices a little differently in the market and ERW OCTG prices normally trade at a discount to SML OCTG prices. The Pipe Logix ERW Index is an average of the most popular ERW items used in US onshore wells, consisting of 4 tubing items, 4 production casing items and 9 surface casing items. The ERW Index provides an independent ERW price assessment of the market and highlights its unique pricing trends as compared to OCTG made using other manufacturing methods. Our extensive library of pricing, including 20+ years of ERW prices, makes Argus Pipe Logix uniquely positioned to produce the OCTG ERW Index and analyze the ERW OCTG market. </p> <p><strong>How is this assessment used?</strong></p> <p>The Argus ERW OCTG Index offers an independent evaluation of ERW OCTG prices and provides the current market price and its distinctive pricing trends in comparison to the SML OCTG market. The ERW and SML Index, together with the Argus Pipe Logix all items Index are included in the OCTG Service, giving users access to the most widely used benchmarks for OCTG available anywhere. A subscription to the OCTG Service also includes the monthly historical pricing trends of the ERW OCTG index with over 20 years of data, providing a tool for trend analysis.</p></div></div></div></div></div></div></div></div><div class="component component-padding navy " id="products"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="section-heading">Explore our metals products</h2></div></div><div class="ProductListing_products__Uxsig row"><div class="col-12 col-lg-4"><a class="ProductListing_itemLink__RVSjo white" href="/zh/solutions/products/argus-octg"><h3 class="sub-heading h4">Argus OCTG</h3><div class="ProductListing_itemDescription__E7NK3">Home of the Pipe Logix Index, the industry standard for OCTG pricing, news, and analysis.</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div><div class="col-12 col-lg-4"><a class="ProductListing_itemLink__RVSjo white" href="/zh/solutions/products/argus-line-pipe"><h3 class="sub-heading h4">Argus Line Pipe</h3><div class="ProductListing_itemDescription__E7NK3">Access leading price data, forecasts and analytics on US domestic and imported line pipe.</div><span class="ProductListing_itemCta__NeAHB cta"></span></a></div></div></div></div></div><div class="component component-padding white" id="assessments"><div class="component-content"><div class="container"><div class="row"><div class="CardCarousel_intro__0GvNz col-12 col-lg-8 mx-auto"><h2 class="qa-keyprices-title">Key price assessments</h2></div></div></div><div class="CardCarousel_carousel__4za2y"><div class="container"><div class="row"><div class="col-lg-10 offset-lg-1 d-none d-lg-block"><div class="Carousel_carousel__cxmDM "><div class="Carousel_viewport__hzjLs"><div class="Carousel_slides__11lIX"><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-index-and-oil-country-tubular-goods-market-trends"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">An average of the ERW and seamless tubing, production casing and surface casing.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-sml-index"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG SML Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">Argus assesses OCTG by manufacturing process, with SML pipe being one of the main manufacturing processes.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/permian-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Permian Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Permian Index is a key benchmark for operators active in the Permian basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/bakken-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Bakken Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Bakken Index is a key benchmark for operators active in the Bakken basin</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/eagle-ford-basin-index"><div><h3 class="qa-keyprices-item-title h4">Argus Eagle Ford Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Eagle Ford Index is a key benchmark for operators active in the Eagle Ford basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items current"><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-index-and-oil-country-tubular-goods-market-trends"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">An average of the ERW and seamless tubing, production casing and surface casing.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items "><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-sml-index"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG SML Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">Argus assesses OCTG by manufacturing process, with SML pipe being one of the main manufacturing processes.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items "><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/permian-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Permian Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Permian Index is a key benchmark for operators active in the Permian basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items "><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/bakken-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Bakken Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Bakken Index is a key benchmark for operators active in the Bakken basin</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items "><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/eagle-ford-basin-index"><div><h3 class="qa-keyprices-item-title h4">Argus Eagle Ford Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Eagle Ford Index is a key benchmark for operators active in the Eagle Ford basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-index-and-oil-country-tubular-goods-market-trends"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">An average of the ERW and seamless tubing, production casing and surface casing.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-sml-index"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG SML Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">Argus assesses OCTG by manufacturing process, with SML pipe being one of the main manufacturing processes.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/permian-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Permian Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Permian Index is a key benchmark for operators active in the Permian basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/bakken-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Bakken Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Bakken Index is a key benchmark for operators active in the Bakken basin</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/eagle-ford-basin-index"><div><h3 class="qa-keyprices-item-title h4">Argus Eagle Ford Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Eagle Ford Index is a key benchmark for operators active in the Eagle Ford basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div></div></div><button class="Carousel_prev__5_kOz qa-pagination-prev" 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href="/zh/methodology/key-commodity-prices/octg-index-and-oil-country-tubular-goods-market-trends"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">An average of the ERW and seamless tubing, production casing and surface casing.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-sml-index"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG SML Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">Argus assesses OCTG by manufacturing process, with SML pipe being one of the main manufacturing processes.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/permian-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Permian Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Permian Index is a key benchmark for operators active in the Permian basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/bakken-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Bakken Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Bakken Index is a key benchmark for operators active in the Bakken basin</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/eagle-ford-basin-index"><div><h3 class="qa-keyprices-item-title h4">Argus Eagle Ford Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Eagle Ford Index is a key benchmark for operators active in the Eagle Ford basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items current"><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-index-and-oil-country-tubular-goods-market-trends"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">An average of the ERW and seamless tubing, production casing and surface casing.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-sml-index"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG SML Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">Argus assesses OCTG by manufacturing process, with SML pipe being one of the main manufacturing processes.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items "><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/permian-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Permian Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Permian Index is a key benchmark for operators active in the Permian basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/bakken-octg-index"><div><h3 class="qa-keyprices-item-title h4">Argus Bakken Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Bakken Index is a key benchmark for operators active in the Bakken basin</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div class="qa-slide-items "><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/eagle-ford-basin-index"><div><h3 class="qa-keyprices-item-title h4">Argus Eagle Ford Basin Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">The Eagle Ford Index is a key benchmark for operators active in the Eagle Ford basin.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a></div><div><a title="" target="" class="qa-keyprices-items CardCarousel_card__miF1v" href="/zh/methodology/key-commodity-prices/octg-index-and-oil-country-tubular-goods-market-trends"><div><h3 class="qa-keyprices-item-title h4">Argus OCTG Index</h3><p class="qa-keyprices-item-introduction CardCarousel_text__QZ1rN">An average of the ERW and seamless tubing, production casing and surface casing.</p></div><span class="qa-keyprices-item-cta cta">Find out more</span></a><a title="" target="" 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