Oil & Gas Pipeline Construction in Texas
Within the United States, the state of Texas is a powerhouse when it comes to oil and gas pipeline construction. The state accounts for nearly half of all oil rigs in the country, a fifth of oil production, a quarter of domestic natural gas production and a sixth of existing pipeline mileage. The importance of oil and natural gas production makes the Oil & Gas Pipeline Construction industry a robust part of the Texas economy. Over the next five years, industry operators can expect a rosier outlook. Growth will primarily be driven by partial recoveries in the natural gas and oil commodity markets. As prices stabilize and rise, refineries and other industry clients will resume new construction projects.
This industry comprises contractors that are responsible for the construction of gas and oil pipelines, mains, pumping stations, refineries and storage tanks. It also includes construction management companies and special trade contractors that are primarily involved in oil and pipeline construction.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook