IHS: Oil, gas industry will make big investments in infrastructure in the next 12 years

01/9/2014 | Pioneer Press (St. Paul, Minn.)

The oil and gas industry is poised to invest $890 billion over the next 12 years in infrastructure, according to an IHS Global study commissioned by the American Petroleum Institute. The report notes that the industry will invest extensively in support facilities for areas such as Texas' Eagle Ford Shale and North Dakota's Bakken Shale. "It's a time of optimism for the industry," said IHS Global's Downstream Energy Consulting Director James Fallon.

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Pioneer Press (St. Paul, Minn.)

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