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US Midstream Oil & Gas Equipment Industry

  • February 2016
  • -
  • Freedonia
  • -
  • 270 pages

Study coverage

The study presents historic demand data (2004, 2009, 2014) plus forecasts (2019, 2024) by product, application and US region. The study also assesses key market environment factors, analyzes the industry structure, evaluates company market share and profiles 37 US industry players.

US demand to decline to $10.5 billion in 2019

Demand for equipment used in midstream oil and gas applications in the US is projected to decline to $10.5 billion in 2019 as low oil and gas prices limit production growth and US midstream infrastructure becomes better adapted to the recent shifts in energy production within the country. While demand will be significantly lower in 2016, the market for midstream equipment is expected to return to healthy levels of demand by 2019. Spending on equipment for use in crude by rail and gas processing plants will both fall from elevated 2014 levels, but pipeline construction and liquefied natural gas (LNG) activity will continue to support a high level of demand.

Significant declines in equipment demand are forecast in 2016, driven by a dramatic fall in well completions after the collapse of oil prices since mid-2014. A recovery in drilling and completion activity is expected by 2019, however, with the upstream sector benefiting from improved cost efficiency, an eventual price recovery, and the presence of new export opportunities for both crude oil and LNG. In turn, better conditions in the upstream market will promote demand for equipment used in new gathering and transmission pipelines, storage facilities, and other types of midstream infrastructure.

Line pipe demand to nearly recover by 2019

The largest product category in midstream oil and gas equipment will remain line pipe, where demand is expected to almost fully recover by 2019 despite a sharp decline in 2015 and 2016. Although demand for these products will not recover to the elevated levels seen in 2014, equipment associated with natural gas infrastructure -- including gas treating and processing equipment and compressors used in pipelines -- will continue to be strong by historical standards. The rapid growth of gas production in the Marcellus and Utica plays of the Appalachian Basin has required high levels of new gas processing and pipeline infrastructure to meet changing gas transportation dynamics; by 2019 the need for more construction there will begin to ebb.

New LNG facilities, crudeby-rail to boost demand

Although the prospects for LNG export facilities are clouded by short term price uncertainty, market fundamentals will drive the eventual construction of a number of facilities in coming years. These facilities, each of which will be a major investment, will boost the overall market for a range of equipment, including compressors, valves, and pumps. Additionally, several new projects will require construction of LNG storage tanks, which can make up a large part of total project cost due to their size and heavy engineering requirements.

Table Of Contents

US Midstream Oil and Gas Equipment Industry
Introduction
EXecutive Summary
1 Summary Table
MArket Environment
General
Macroeconomic Outlook
Demographic Overview
Manufacturing Overview
Electricity Generation
Crude Oil and Natural Gas Outlook
Petroleum
Natural Gas
Oil and Gas Prices
Midstream Industry Overview
Natural Gas Transportation
Crude Oil Transportation
Pipeline Construction
Liquefied Natural Gas Outlook
Environmental and Regulatory Considerations
Upstream Regulation
Midstream Regulation
International Activity and Foreign Trade

LIST OF TABLES and CHARTS:

1 Macroeconomic Indicators
2 Population and Households
3 Manufacturers' Shipments
4 Electricity Generation by Fuel Source
5 Oil and Gas Production and Consumption
6 Crude Oil Drilling Indicators
7 Natural Gas Drilling Indicators
Cht Natural Gas and Crude Oil Prices, 2004-2014
Cht US Petroleum Reserves, 2004-2014
Cht Petroleum Production, 2004-2014
Cht Crude Oil Prices, 2004-2014
Cht Natural Gas Production, 2004-2014
Cht Natural Gas Prices, 2004-2014
8 Natural Gas Transportation
9 Crude Oil Transportation
Cht Interregional Oil and Gas Transportation
10 Oil and Gas Pipelines
11 Selected Midstream Projects
Cht Midstream Spending by Expense Type
12 Steel Line Pipe Foreign Trade
PRODUCTS
General
Pipe
Steel
Welded
Seamless
Fittings
Plastic
Valves
Automatic
Conventional
Compressors
Centrifugal
Reciprocating
Pumps
Centrifugal
Positive Displacement
Parts, Accessories, and Other Pumps
Natural Gas Processing Equipment
Monitoring Equipment
Storage Tanks
Rail Tank Cars
Other Equipment

LIST OF TABLES and CHARTS:

1 Oil and Gas Infrastructure Equipment
Demand by Product
Demand by Location
Onshore
Offshore
Demand by Resource
Crude Oil
Natural Gas
Demand by Region

LIST OF TABLES and CHARTS:

1 Midstream Oil and Gas Equipment
Demand by Location
Cht Midstream Oil and Gas Equipment
Demand by Location, 2004-2014
2 Onshore Midstream Oil and Gas
Equipment Demand
3 Offshore Midstream Oil and Gas
Equipment Demand
4 Midstream Oil and Gas Equipment
Demand by Resource
Cht Midstream Oil and Gas Equipment
Demand by Resource, 2004-2014
5 Midstream Crude Oil Equipment Demand
6 Midstream Natural Gas Equipment Demand
7 Oil and Gas Producing States by Region
8 Midstream Oil and Gas Equipment
Demand by Region
Cht Midstream Oil and Gas Equipment
Demand by Region, 2004-2014
SOUTHERN REGION
Oil and Gas Production
Well Completions
Midstream Oil and Gas Equipment Demand
Texas
Louisiana
Arkansas
Gulf of Mexico
Other Southern States

LIST OF TABLES and CHARTS:

1 Oil and Gas Production and Producing Wells
2 Well Completions by State
3 Midstream Oil and Gas Equipment
Demand by State
MIDWESTERN REGION
Oil and Gas Production
Well Completions
Midstream Oil and Gas Equipment Demand
Oklahoma
North Dakota
Ohio
Other Midwestern States
LIST OF TABLES and CHARTS:

1 Oil and Gas Production and Producing Wells
2 Well Completions by Resource and State
3 Midstream Oil and Gas Equipment
Demand by State
EASTERN REGION
Oil and Gas Production
Well Completions
Midstream Oil and Gas Equipment Demand
Pennsylvania
New York
West Virginia
Other Eastern States

LIST OF TABLES and CHARTS:

1 Oil and Gas Production and Producing Wells
2 Well Completions by State
3 Midstream Oil and Gas Equipment
Demand by State

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