Midstream Oil & Gas Equipment Industry to Slowly Recover

February 2017, Vol. 244, No. 2

A study by ReportBuyer.com projects U.S. demand for equipment used in midstream oil and gas applications will decline to $10.5 billion for the next two years. The study suggests that low oil and gas prices limiting production growth and U.S. midstream infrastructure becoming 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…

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