North American Oil & Gas Producers Plan Nearly $50 Billion in Project Spending

SUGAR LAND--May 30, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Over the next 12 months, the North American Oil & Gas Production industry plans to begin work on more than 250 projects valued at nearly $50 billion, according to Industrial Info's North American Oil & Gas Project Database. One factor driving scheduled project spending is continued high prices for crude oil. Another factor is low natural gas prices, which benefits companies that want to build terminals to export liquefied natural gas (LNG).

Other companies featured: Cheniere Energy Incorporated (NYSE:LNG)