Black gold: Rising oil production in the United States and Canada will boost industry revenue

The Oil Pipeline Transportation industry grew over the past five years, driven by steady oil production in the United States and Canada. Directional drilling, hydraulic fracturing and other advanced drilling techniques increased the number of profitable oil reserves across North America. In particular, the Permian Basin in Texas and the Williston Basin in North Dakota experienced sharp increases in crude oil production. As production increased, oil and gas companies demanded additional pipeline capacity to transport crude oil from extraction sites to refineries, where crude oil is refined into higher-value products like gasoline...purchase to read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 13-18
6.6%
Forecast Growth 18-23
Profit
Employment
12,856
Businesses
480

Industry Threats & Opportunities

  • Advanced drilling techniques increased the number of profitable oil reserves across North America
  • A boom in inland oil production spurred operators to expand pipeline capacity to accommodate increased production
  • Investment in pipelines delivering Canadian crude oil will continue to boost industry revenue
  • Industry Report - Industry SWOT Analysis Chapter

    The Oil Pipeline Transportation industry is in the growth phase of its industry life cycle. Over the 10 years to 2023, industry value added, which measures an industry's contribution to the economy, is expected to grow at an annualized rate of 3.6%. In contrast, GDP is forecast to grow an annualized 2.2% during the same period. Therefore, this industry's importance to the overall economy is growing, which indicates a growing industry.Industry operators contend with strict regulations and environmental concerns that have limited refinery expansion. Substitutes for pipeline travel have also become more attractive since the economic recovery began. Crude oil transportation by ships and tankers has become less costly as crude oil prices have dropped from their prerecession levels. In ...purchase to read more.

    Additional Insights for the Oil Pipeline Transportation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil Pipeline Transportation Industry are

  • Upstream vertical integration
  • Having links with suppliers
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Demand from petroleum refining and US oil and gas production index in the Oil Pipeline Transportation industry impact industry performance..

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    What's in this report

    What is the Oil Pipeline Transportation Industry?

    Industry operators primarily transport crude oil through pipelines. This industry does not include companies that predominantly transport other commodities besides crude oil, including natural gas.

    Industry Products
  • Imported crude oil transport
  • Lower 48 states crude oil transport
  • Alaskan crude oil transport
  • Transport of natural gas and other materials
  • Industry Activities
  • Crude oil pipeline operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from petroleum refining
  • US oil and gas production index
  • World price of crude oil
  • Yield on 10-year Treasury note

  • Current Performance
  • Domestic capacity boom
  • Canadian oil benefits industry
  • Chart: Revenue Growth

  • Industry Outlook
  • New pipeline expansion
  • Growing crude prices
  • Capped refinery growth
  • Table: Oil Pipeline Transportation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil Pipeline Transportation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Petroleum Refining
  • Lubricant Oil Manufacturing
  • Petrochemical Manufacturing
  • Plastic & Resin Manufacturing

  • Key Selling Industries
  • Gasoline & Petroleum Bulk Stations
  • Heavy Infrastructure Construction
  • Metal Pipe & Tube Manufacturing
  • Oil & Gas Pipeline Construction
  • Valve Manufacturing

  • Products & Services
  • Lower 48 states crude oil transport
  • Imported crude oil transport
  • Transport of natural gas and other materials
  • Alaskan crude oil transport
  • Chart: Oil Pipeline Transportation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • PADD 3
  • PADD 2
  • PADD 5
  • PADD 4
  • PADD 1
  • Chart: Major Market Segmentation for the Oil Pipeline Transportation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationWagesPurchases
  • Chart: Cost Structure Benchmarking – Sector vs Oil Pipeline Transportation

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil Pipeline Transportation Industry

  • Industry Globalization
    Enbridge Energy Partners LP, Plains All American Pipeline LP, TransCanada Corporation, Energy Transfer Partners LP, Enterprise Products Partners LP,
  • Table: Enbridge Energy Partners LP - financial performance
  • Table: Plains All American Pipeline LP - financial performance
  • Table: TransCanada Corporation - financial performance
  • Table: Energy Transfer Partners LP - financial performance
  • Table: Enterprise Products Partners LP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Oil Pipeline Transportation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oil Pipeline Transportation Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • US Oil and Gas Production Index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Gathering Lines
  • A pipeline that transports oil or gas from the point of production to a transmission line or main.
  • Hydraulic Fracturing
  • A technique which uses pressurized fluid to release petroleum and natural gas by fracturing rock layers.
  • Oil Sands
  • A heavy tar-like bitumen that requires specialized equipment to extract.
  • Tankers
  • A marine mode of transport that carries crude oil from port to port.
  • Trunk Line
  • A main route or channel for transporting gas or oil.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Oil Pipeline Transportation is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil Pipeline Transportation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil Pipeline Transportation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil Pipeline Transportation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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