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Released June 01, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Southwest region leads the rest of the nation in its total investment value (TIV) for projects expected to begin construction in the third quarter of 2015. The region expects to see more than $23 billion in projects kick off, according to Industrial Info's database, with almost three-quarters attributed to four industries heavily influenced by activity along the Gulf Coast: Oil & Gas Production, Alternative Fuels, Power, and Terminals.
Click on the image at right for a graph detailing active projects scheduled to kick off in third-quarter 2015 in the U.S. Southwest by industry.
The Southwest region includes Arkansas, Louisiana, Oklahoma and Texas. The bulk of the spending, more than $21 billion, comes from Texas and Louisiana, where energy-related projects along the Gulf Coast are driving many of the investments.
Not surprisingly, the Oil & Gas Production Industry is out in front with $6.43 billion in Southwestern projects set to begin construction during the third quarter, among them Energy Transfer Partners LP's (NYSE:ETP) (Dallas, Texas) $350 million addition of a fourth train to its natural gas liquids (NGL) fractionation facility in Mont Belvieu, Texas. The company plans to add a 100,000-barrel-per-day (BBL/d) fractionation train to process increasing NGL supplies from the Woodford and Eagle Ford shales and the Permian Basin; the plant already has two operational trains, each with a 100,000-BBL/d capacity, with a third under construction. S&B Engineers and Constructors Limited (Houston) is performing engineering, procurement and construction (EPC) services.
The Alternative Fuels Industry is set to see $4.77 billion in projects kick off in the Southwest from July through September, although that number is almost entirely attributed to a single project: D'Arcinoff Group Incorporated's (Washington, D.C.) $4.6 billion synthetic fuel plant in Sierra Blanca, Texas. With Foster Wheeler AG (NASDAQ:FWLT) (Baar, Switzerland) performing EPC services, the company is designing the 40,000-BBL/d facility to produce environmentally sound, low-emission transportation fuel from biomass (principally greasewood). It is expected to be completed toward the end of the year.
The Power Industry has a strong third-place showing with $3.83 billion in projects set to kick off, largely influenced by increased demand from booming oil- and gas-related businesses along the Gulf Coast. The industry also boasts one of the largest projects set to begin construction in Oklahoma: Apex Clean Energy's (Charlottesville, Virginia) $182 million construction of a windfarm in Medford, Oklahoma. The facility will use 66 General Electric (NYSE:GE) wind turbines, each with a capacity of 2.2 megawatts (MW), to produce 150 MW. The power will be purchased by Western Farmer's Electric Cooperative, Northeast Texas Electric Cooperative, and Eastern Texas Electric Cooperative.
The Terminals Industry is in fourth place with a little more than $2 billion in projects, almost half of which is attributed to Enterprise Products Partners LP's (NYSE:EPD) (Houston) $1 billion addition to its ECHO Crude Oil Terminal in Houston. The company plans to build 15 tanks, with sizes not yet determined, to store crude oil products at the existing, 750,000-plus-barrel terminal, which already has tanks under construction. The additions are expected to be completed toward the end of next year.
Nearly two-thirds of the region's TIV--more than $14.8 billion--is related to 91 projects that are now in the engineering stages. The region also has 153 projects worth more than $7.74 billion in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending, while 138 projects worth $410 million already have kicked off the first stage of construction and will kick off the second in the third quarter.
Industrial Info's Gulf Coast Region Labor Market Analysis provides insight into historical and forecast capital and maintenance spending through 2020, as well as current wage rates and expectations for the future. To learn more about this product, contact Industrial Info's VP of Labor Analytics, Tony Salemme, at tsalemme@industrialinfo.com or by calling (209) 547-9878.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, 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.
Click on the image at right for a graph detailing active projects scheduled to kick off in third-quarter 2015 in the U.S. Southwest by industry.The Southwest region includes Arkansas, Louisiana, Oklahoma and Texas. The bulk of the spending, more than $21 billion, comes from Texas and Louisiana, where energy-related projects along the Gulf Coast are driving many of the investments.
Not surprisingly, the Oil & Gas Production Industry is out in front with $6.43 billion in Southwestern projects set to begin construction during the third quarter, among them Energy Transfer Partners LP's (NYSE:ETP) (Dallas, Texas) $350 million addition of a fourth train to its natural gas liquids (NGL) fractionation facility in Mont Belvieu, Texas. The company plans to add a 100,000-barrel-per-day (BBL/d) fractionation train to process increasing NGL supplies from the Woodford and Eagle Ford shales and the Permian Basin; the plant already has two operational trains, each with a 100,000-BBL/d capacity, with a third under construction. S&B Engineers and Constructors Limited (Houston) is performing engineering, procurement and construction (EPC) services.
The Alternative Fuels Industry is set to see $4.77 billion in projects kick off in the Southwest from July through September, although that number is almost entirely attributed to a single project: D'Arcinoff Group Incorporated's (Washington, D.C.) $4.6 billion synthetic fuel plant in Sierra Blanca, Texas. With Foster Wheeler AG (NASDAQ:FWLT) (Baar, Switzerland) performing EPC services, the company is designing the 40,000-BBL/d facility to produce environmentally sound, low-emission transportation fuel from biomass (principally greasewood). It is expected to be completed toward the end of the year.
The Power Industry has a strong third-place showing with $3.83 billion in projects set to kick off, largely influenced by increased demand from booming oil- and gas-related businesses along the Gulf Coast. The industry also boasts one of the largest projects set to begin construction in Oklahoma: Apex Clean Energy's (Charlottesville, Virginia) $182 million construction of a windfarm in Medford, Oklahoma. The facility will use 66 General Electric (NYSE:GE) wind turbines, each with a capacity of 2.2 megawatts (MW), to produce 150 MW. The power will be purchased by Western Farmer's Electric Cooperative, Northeast Texas Electric Cooperative, and Eastern Texas Electric Cooperative.
The Terminals Industry is in fourth place with a little more than $2 billion in projects, almost half of which is attributed to Enterprise Products Partners LP's (NYSE:EPD) (Houston) $1 billion addition to its ECHO Crude Oil Terminal in Houston. The company plans to build 15 tanks, with sizes not yet determined, to store crude oil products at the existing, 750,000-plus-barrel terminal, which already has tanks under construction. The additions are expected to be completed toward the end of next year.
Nearly two-thirds of the region's TIV--more than $14.8 billion--is related to 91 projects that are now in the engineering stages. The region also has 153 projects worth more than $7.74 billion in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending, while 138 projects worth $410 million already have kicked off the first stage of construction and will kick off the second in the third quarter.
Industrial Info's Gulf Coast Region Labor Market Analysis provides insight into historical and forecast capital and maintenance spending through 2020, as well as current wage rates and expectations for the future. To learn more about this product, contact Industrial Info's VP of Labor Analytics, Tony Salemme, at tsalemme@industrialinfo.com or by calling (209) 547-9878.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, 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.
