Drill pipe, casing and other tubular goods are in short supply in the US due to the global supply chain constrictions that have followed on from the Covid-19 pandemic and the war in Ukraine.

Shortages and delays in these crucial supply chain industries for the drilling sector have been limiting production growth in the US, despite ample price incentives to pursue growth.

And they are hitting what are known within the industry as oil country tubular goods (OCTG) and associated inputs such as steel.