U.S. Oil & Gas Infrastructure Market Size - By Category, Analysis, Share, Growth Forecast, 2025 - 2034

U.S. Oil & Gas Infrastructure Market Size

The U.S. oil & gas infrastructure market size was valued at USD 78.9 billion in 2024 and is projected to observe a CAGR of 6.4% from 2025 to 2034. Rising energy demand coupled with increasing shale oil and gas production across the nation including the Permian Basin and the Bakken Formation, have witnessed significant growth. Development of extensive network of oil & gas pipelines along with shifting focus on upgrading and expanding the infrastructure will positively influence the business dynamics.
 

Ongoing oil production across the nation coupled with development of new pipeline projects initiated to link producing assets to export terminals, refining centers, and domestic markets will augment the industry landscape. For instance, as per the U.S. Energy Information Administration, the U.S. oil industry achieved unprecedented production levels in August 2024, reaching 13.4 million barrels per day, exceeding the previous record of 13.3 million b/d from December 2023.
 

The Short-Term Energy Outlook indicates an expected average of 13.2 million b/d for 2024, exceeding 2023's record of 12.9 million b/d. Moreover, replacement of older pipelines or retrofitted to enhance safety, capacity, and efficiency will stimulate the industry growth.
 

U.S. Oil & Gas Infrastructure Market Trends

U.S. oil & gas infrastructure industry is set to grow owing to introduction of regulatory mandates for environmental protection, emissions reduction, and climate change mitigation leading to greater focus on implementing sustainable practices infrastructure development. Ongoing development of unconventional oil & gas resources along with favorable initiatives by the authorities, has accelerated production activities and necessitated infrastructure development to support the extraction, processing, and transportation of the resources.
 

For instance, as per the U.S. EIA reported in October 2024, in 2023, four hydrocarbon liquids pipeline projects were completed in the U.S., comprising three pipeline projects handling crude oil along with one hydrocarbon gas liquids project. Moreover, rising use of artificial intelligence and data analytics for predictive maintenance and resource optimization will complement the industry outlook.
 

U.S. Oil & Gas Infrastructure Market Analysis

Oil, Gas & NGL Pipelines segment is anticipated to cross USD 41 billion by 2034. Expansion of natural gas pipelines, addressing increased production and demand coupled with ongoing developments of new pipeline networks connecting production areas including shale regions to consumption hubs, export facilities, and LNG terminals, augmenting the industry landscape.
 

The industry has witnessed substantial growth in liquefied natural gas exports, prompting increased construction and expansion of LNG export terminals, further influencing the business outlook. Existing refineries and storage terminals have undergone modifications or expansions to accommodate export activity and favorable initiatives by authorities toward expansion and repair of existing pipelines will augment the industry growth.
 

For instance, in October 2024, the Department of Transportation's Pipeline and Hazardous Materials Safety Administration announced USD 196 million in grants for repairing and replacing aging natural gas pipelines across 20 states. The funding will support 60 modernization projects, targeting the replacement of outdated, leak-prone pipes that create safety risks, increase energy costs, and cause environmental damage.
 

Ongoing expansion of shale gas production across the country has generated a surplus of ethane, an important feedstock for petrochemical manufacturing. As a result, development of ethane export terminals to ship excess ethane to international markets, where it serves as a feedstock for plastics and other petrochemical products will augment the business landscape. Stringent environmental and safety rules implemented the by the respective authorities is driving the need for infrastructure improvements and new technologies, to reduce environmental impact, boost safety, and enhance operational efficiency, propelling the industry growth.
 

U.S. Oil & Gas Infrastructure Market Share

Market participants operating in the U.S. oil & gas infrastructure industry employ strategic partnerships and mergers to expand their market presence. Through investments in research and development, they develop new services to maximize market revenue. Companies strengthen their competitive positions by optimizing distribution channels, pursuing international expansion through strategic alliances and acquisitions to strengthen their position across the industry.
 

U.S. Oil & Gas Infrastructure Market Companies

Major players operating across the industry include:

• Baker Hughes
• BP
• Centrica
• Chevron
• ConocoPhillips
• Energy Transfer
• Enterprise Products Partners
• ExxonMobil
• Halliburton
• Hatch
• Kinder Morgan
• NGL Energy Partners
• Occidental Petroleum
• ONEOK
• Royal Vopak
• Schlumberger
• Shell
• TotalEnergies
• Williams
   

U.S. Oil & Gas Infrastructure Industry News

• In November 2024, ConocoPhillips announced the completion of its acquisition of Marathon Oil Corporation. The acquisition of Marathon Oil aligns with the company’s strategy, enhancing its diverse portfolio while adhering to the financial framework. Marathon Oil contributes high-quality, low-cost inventory adjacent to its established U.S. unconventional position. The company anticipates delivering synergies exceeding USD 1 billion on a run rate basis within the next 12 months.
   
• In August 2024, ONEOK Inc., a U.S. pipeline operator, has agreed to two significant transactions totaling USD 5.9 billion to strengthen its presence in the Permian Basin. The company will acquire Global Infrastructure Partners' (GIP) stake in EnLink Midstream LLC and its equity in Medallion Midstream, the Permian's largest private crude gathering and transportation system. This will enhance the company’s Permian Basin operations, adding gas processing and crude gathering capacity, while extending its presence in Oklahoma, North Texas, and Louisiana, tapping into growing LNG demand.
   

The U.S. oil & gas infrastructure market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Billion” from 2021 to 2034, for the following segments:

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Market, By Category

• Surface and Lease Equipment
• Gathering & Processing
• Oil, Gas & NGL Pipelines
• Oil & Gas Storage
• Refining & Oil Products Transport
• Export Terminals