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Steel demand up due to increasing well lengths

Friday, March 31, 2017 by

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Although the number of active oil and natural gas drilling rigs is shy of the heights it reached during the shale revolution, the demand for steel is expected to be higher than it was before the collapse of the drilling boom, according to Platts.

U.S. producers are drilling less wells; however, the amount of steel used per well has been increasing due to longer laterals. The average gas well required around 210 mt of steel in 2010. Today, the average well requires closer to 400 mt of steel.

Moving forward lateral lengths are expected to continue increasing. While lateral lengths differ depending on the geology of the shale play, producers are currently reporting lengths as long as 20,000 feet throughout Ohio and Pennsylvania.

Learn more: Platts > Steel intensity increasing in U.S. shale plays

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