Infrastructure to be focus of oil, gas industry's $890B investment

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

A study by IHS Global indicated that the oil and gas industry is poised to invest $890 billion during the next 12 years on infrastructure, which will generate thousands of jobs. The report notes that the industry will invest extensively in support facilities for shale areas such as Texas' Eagle Ford and the Bakken of North Dakota. "I think it's also important to note that the construction of this infrastructure does have a ripple effect that has helped create many new value-added business opportunities throughout the state," said North Dakota Petroleum Council spokeswoman Tessa Sandstrom.

View Full Article in:

Pioneer Press (St. Paul, Minn.)

Published in Briefs: