Industry Analysis & Industry Trends
Over the five years to 2016, the Oil and Gas Pipeline Construction industry boomed due to heavy investment in natural gas and oil infrastructure construction. Increases in energy prices and advancements in extraction technologies caused significant increases in domestic oil and natural gas production, which boosted demand for pipeline construction to connect existing infrastructure and markets. However, falling crude oil and natural gas prices since the latter half of 2014 through early 2016 slashed investment budgets and, therefore, industry revenue. Looking forward, the industry is projected to experience strong demand, as new natural gas resources require existing pipelines to reach capacity... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of industry activity bears little correlation to US population distribution and general economic activity (i.e. GDP). The reason for this factor is because industry activity is concentrated in the regions close to gas and oil resources in the Southwest and Southeast. Industry activity is low in the Mid-Atlantic, the Plains, New England and Great Lakes regions. The largest states in terms of establishments are Texas (26.8%), Louisiana (6.6%), Oklahoma (5.9%) and California (5.5%).
The Southwest region accounts for 34.9% of industry establishments. This is representative of the concentration of oil and gas resources in the region, most notably Texas... purchase to read more