NavigatIIR: More than $13 Billion in U.S. Capital Pipeline Projects Set for Completion in 2021

Researched by Industrial Info Resources (Sugar Land, Texas)--This year has not been positive for spending by companies in the Oil & Gas Industry. In the Pipelines Industry, some projects, such as Phillips 66's (NYSE:PSX) Red Oak crude oil pipeline from Cushing, Oklahoma, and the Permian Basin to the Texas Gulf Coast (see project reports), have been deferred. Others have been outright cancelled. Some companies already were lowering their capital spending plans, as the need for takeaway capacity in certain areas was on its way to being met.

Nevertheless, Industrial Info is tracking more than $13.3 billion worth of U.S. capital pipeline projects that are set to be completed in 2021.

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