Oil Pipeline Transportation in the US - Industry Market Research Report

Oil Pipeline Transportation in the US - Industry Market Research Report

  • June 2018 •
  • 37 pages •
  • Report ID: 243202
Black gold: Rising oil production in the United States and Canada will boost industry revenue

Abstract

Oil Pipeline Transportation in the US
The Oil Pipeline Transportation industry grew over the past five years, driven by steady oil production in the United States and Canada. Directional drilling, hydraulic fracturing and other advanced drilling techniques increased the number of profitable oil reserves across North America. In particular, the Permian Basin in Texas and the Williston Basin in North Dakota experienced sharp increases in crude oil production. As production increased, oil and gas companies demanded additional pipeline capacity to transport crude oil from extraction sites to refineries, where crude oil is refined into higher-value products like gasoline. While oil production is concentrated in the central and southern most parts of the United States, most refineries and export terminals are located near the Gulf Coast. Over the five years to 2018, rapid oil production overloaded US outflow pipeline capacity, resulting in a glut of landlocked oil. Over the coming years, crude oil production will continue to rise, and pipeline investments will drive industry growth.

Industry operators primarily transport crude oil through pipelines. This industry does not include companies that predominantly transport other commodities besides crude oil, including natural gas.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Country=UnitedStates Industry=Oil ParentIndustry=HeavyIndustry Date=201806 Topic=Supply Publisher=Ibisworld Price=1000