Stronger drilling in Southwest bolsters Tenaris

May 02, 2014 | 04:48 PM | Thorsten Schier

Tags  Tenaris, Germán Curá, Paolo Rocca, earnings report, OCTG, oil country tubular goods, anti-dumping, Permian Basin horizontal drilling

NEW YORK — Increased activity in Texas and New Mexico buoyed Tenaris SA’s first-quarter earnings even as the unusually cold winter hampered rig efficiencies.

The Luxembourg-based company’s "alliance customers" in the Permian Basin and also in the Eagle Ford shale "are outperforming the average of the market," Germán Curá, managing director of North American operations, said during an earnings conference call May 2.....

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