Texas, Pennsylvania, Alaska, Louisiana Lead U.S. in Oil & Gas Spending and Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--With the advent of economical shale gas, natural gas liquid (NGL) extraction, and improved pipeline access to the Gulf Coast, development in the oil and gas industries in the U.S. is ramping up. Industrial Info is tracking more than $163 billion invested in 1,467 active projects throughout the U.S. in the upstream and midstream oil and gas industries. Of that $163 billion, about $162 billion is invested in 777 capital projects. In natural gas alone, there are 333 active capital projects in the database, representing $97 billion in investments. While Texas may lead the U.S. in terms of NGL infrastructure investments and project numbers, it only ranks second in total investment value in natural gas projects for the U.S.

Click on the image at right for a chart showing the projects and total investments in the top four U.S. states for natural gas.

According to Industrial Info's data, Texas has a total of 69 natural gas projects, a number which includes natural gas and NGL production, processing, storage, and transmission capital projects. However, this oil and gas powerhouse only has about $14 billion invested across those projects. The U.S. leader for investment value is actually third in total number of projects, with 30. Alaska currently leads U.S. oil and gas investment with more than $51 billion. While Texas boasts many smaller projects, Alaska is home to several major projects valued more than $1 billion each, most in the $5 billion area. Alaska's projects are primarily composed of long-distance natural gas pipelines, LNG liquefaction facilities, and many high-cost drilling projects in the frigid north.

The state which is ranked second for total number of projects, but is fourth in project spending, is Pennsylvania. With the boom in development over the Marcellus and Utica shale plays, Pennsylvania is seeing a huge number of projects being developed, 41 of which are currently being tracked by Industrial Info, representing almost $3 billion in project spending. While the by-state total investment for Pennsylvania is low, the pattern of project spending in the Marcellus and Utica shale play states--Pennsylvania, New York, West Virginia and Ohio--resembles that of Texas, where individual project investments are low, but the total number of projects is high.

With a spending pattern more closely resembling Alaska, Louisiana follows Texas to rank third in project spending, with $12 billion in investments in 25 projects. This puts Louisiana fourth in number of projects, just behind Alaska. Similar to Alaska's project profile, Louisiana's big ticket projects include a few LNG liquefaction trains for a newly FERC approved export terminal in the Gulf, which represents $10 billion in project spending.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.