U.S. Oil & Gas Infrastructure Market Size

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.

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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.