U.S. Oil & Gas Infrastructure Market
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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| U.S. Oil & Gas Infrastructure Market size in 2024: | USD 78.9 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 6.4 |
| 2023 Value Projection: | USD 147.8 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 90 |
| Tables, Charts & Figures: | 10 |
| Segments Covered: | Category |
| Growth Drivers: |
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| Pitfalls Challenges: |
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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 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.
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.
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.
Major players operating across the industry include:
Market, By Category
Key players 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, and Williams.
The Oil, Gas & NGL Pipelines segment is anticipated to surpass USD 41 billion by 2034, led by the expansion of natural gas pipelines and the development of new networks connecting production areas to consumption hubs and export facilities.
The market size for oil & gas infrastructure in U.S. reached USD 78.9 billion in 2024 and is set to grow at a 6.4% CAGR from 2025 to 2034, driven by rising energy demand and increasing shale oil and gas production.
The U.S. market is expected to reach USD 147.8 billion by 2034, supported by the development of extensive pipeline networks and infrastructure upgrades.