(PRWEB UK) 29 November 2012
Oil & Gas Infrastructure: US Industry Forecasts for 2016 & 2021 reports that US demand for midstream oil and gas infrastructure equipment is forecast to rise over 7% annually to 2016. Advances will benefit from the development of shale gas plays, especially in areas that have not until recently been major energy producers. These areas will require additional infrastructure in order to economically transport oil and natural gas from the well site. For example, pipeline capacity at the Bakken Shale in North Dakota and Montana is expected to more than double by 2016.
Growth in the shorter term will benefit from high oil prices, which are boosting oil drilling. This will benefit infrastructure demand in areas such as the Eagle Ford play in Texas. Natural gas prices, while currently low, are expected to rebound by 2016. Expectations of this recovery are boosting demand for natural gas pipelines in areas such as the Marcellus Shale.
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